Plexus Corp (PLXS)

Return on assets (ROA)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Net income (ttm)	US$ in thousands	111,815	110,855	101,514	126,119	139,094	149,290	170,985	157,010	138,243	121,127	111,242	126,136	138,912	143,276	151,509	122,672	117,479	116,605	105,564	117,396
Total assets	US$ in thousands	3,153,820	3,170,880	3,276,660	3,304,610	3,321,170	3,418,940	3,382,020	3,395,290	3,393,220	3,204,460	2,990,050	2,709,650	2,461,890	2,321,440	2,236,800	2,272,060	2,289,850	2,288,520	2,095,200	2,110,100
ROA		3.55%	3.50%	3.10%	3.82%	4.19%	4.37%	5.06%	4.62%	4.07%	3.78%	3.72%	4.66%	5.64%	6.17%	6.77%	5.40%	5.13%	5.10%	5.04%	5.56%

September 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $111,815K ÷ $3,153,820K
= 3.55%

The return on assets (ROA) of Plexus Corp has shown some fluctuations over the past several quarters. From December 2019 to September 2024, the ROA ranged from a low of 3.10% to a high of 6.77%. The highest ROA was recorded in March 2021 at 6.77%, indicating that the company generated $0.0677 in profit for every dollar of assets it owned during that period.

Overall, the trend in ROA for Plexus Corp has been somewhat volatile, with fluctuations evident quarter to quarter. While the ROA has experienced both increases and decreases during this period, it is important to consider the factors contributing to these changes, such as changes in profitability, asset efficiency, and leverage.

It is recommended that further analysis be conducted to identify the specific drivers behind the fluctuations in ROA, in order to better understand the company's performance and inform future strategic decisions.