Qorvo Inc (QRVO)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	-70,322	103,152	1,033,350	733,611	334,325
Total assets	US$ in thousands	6,554,640	6,691,900	7,509,070	7,221,470	6,560,680
ROA		-1.07%	1.54%	13.76%	10.16%	5.10%

March 31, 2024 calculation

ROA = Net income ÷ Total assets
= $-70,322K ÷ $6,554,640K
= -1.07%

Qorvo Inc's return on assets (ROA) has shown fluctuations over the past five years. The ROA decreased significantly from 13.76% in 2022 to 1.54% in 2023, indicating a substantial decline in the company's ability to generate profit from its assets. However, in 2021, there was a notable increase in ROA to 10.16%, reflecting a strong performance in asset utilization. In the most recent year, the ROA turned negative at -1.07%, suggesting that Qorvo Inc may have faced challenges in effectively utilizing its assets to generate profits. Overall, the trend in ROA for Qorvo Inc indicates variability in the company's efficiency in generating returns from its asset base.