Plexus Corp (PLXS)

Return on assets (ROA)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	108,616	144,527	146,227
Total assets	US$ in thousands	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	2,000,880	2,016,230	2,000,850
ROA		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%	5.43%	7.17%	7.31%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $126,119K ÷ $3,304,610K
= 3.82%

Plexus Corp's return on assets (ROA) has exhibited fluctuating trends over the past few quarters. The ROA has ranged from a low of 3.72% in Mar 31, 2022, to a high of 7.31% in Sep 30, 2019.

Overall, the ROA has shown a general decreasing trend from the Sep 30, 2019 peak to the current level of 3.82% as of Dec 31, 2023. This may indicate a decline in the company's ability to generate profits relative to its total assets.

It is essential for Plexus Corp to closely monitor its utilization of assets to ensure optimal efficiency and profitability, as a low ROA can impact overall financial performance and shareholder value. Further analysis and comparison with industry benchmarks may help assess Plexus Corp's asset management strategies and identify areas for improvement in generating returns.