Qorvo Inc (QRVO)
Operating return on assets (Operating ROA)
Mar 31, 2025 | Dec 31, 2024 | 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 | ||
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Operating income (ttm) | US$ in thousands | 95,527 | 97,284 | 2,690 | 144,443 | 91,701 | -9,933 | -38,260 | -10,612 | 48,600 | 295,263 | 645,841 | 829,125 | 1,115,151 | 1,233,212 | 1,251,733 | 1,111,017 | 906,627 | 715,713 | 569,579 | 460,702 |
Total assets | US$ in thousands | 5,933,130 | 5,963,100 | 6,503,080 | 6,447,300 | 6,554,640 | 6,699,390 | 6,718,520 | 6,686,590 | 6,691,900 | 7,076,220 | 7,374,730 | 7,330,520 | 7,509,070 | 7,626,580 | 7,576,460 | 7,271,860 | 7,221,470 | 7,041,380 | 7,824,420 | 6,882,690 |
Operating ROA | 1.61% | 1.63% | 0.04% | 2.24% | 1.40% | -0.15% | -0.57% | -0.16% | 0.73% | 4.17% | 8.76% | 11.31% | 14.85% | 16.17% | 16.52% | 15.28% | 12.55% | 10.16% | 7.28% | 6.69% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $95,527K ÷ $5,933,130K
= 1.61%
Qorvo Inc's operating return on assets (operating ROA) has shown fluctuating trends over the quarters in the provided data. The operating ROA increased steadily from June 30, 2020, at 6.69% to a peak of 16.52% on September 30, 2021. This indicates improving operational efficiency in generating profits relative to its assets during this period.
However, from December 31, 2021, the operating ROA declined to 14.85% on March 31, 2022, and further decreased to 0.73% on June 30, 2022. This sudden drop may suggest inefficiencies in managing assets to generate operating income.
The operating ROA then entered negative territory from June 30, 2023, reaching its lowest point at -0.57% on September 30, 2023. This period signifies a period of poor performance in utilizing assets to generate operating profits.
While there was a slight recovery in the following quarters, with the operating ROA fluctuating around 1-2%, the company has not been able to reach the high levels seen in the earlier quarters. This indicates a need for strategic adjustments to improve asset utilization and operational performance going forward.
Peer comparison
Mar 31, 2025