Qorvo Inc (QRVO)

Return on assets (ROA)

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net income	US$ in thousands	55,615	-70,322	103,152	1,033,350	733,611
Total assets	US$ in thousands	5,933,130	6,554,640	6,691,900	7,509,070	7,221,470
ROA		0.94%	-1.07%	1.54%	13.76%	10.16%

March 31, 2025 calculation

ROA = Net income ÷ Total assets
= $55,615K ÷ $5,933,130K
= 0.94%

Based on the data provided, Qorvo Inc's return on assets (ROA) has fluctuated over the past five years. In March 2021, the ROA was reported at 10.16%, indicating that the company generated $0.1016 in net income for every dollar of assets. By March 2022, the ROA had increased to 13.76%, suggesting improved efficiency in asset utilization.

However, in March 2023, there was a significant decline in ROA to 1.54%, indicating a sharp decrease in profitability relative to the company's assets. The following year, by March 2024, Qorvo Inc's ROA turned negative at -1.07%, suggesting that the company was experiencing challenges in generating profits from its assets.

Finally, as of March 31, 2025, the ROA had improved slightly to 0.94%, although it remained below the levels observed in the earlier years. Overall, the trend in Qorvo Inc's ROA indicates variability in the company's ability to generate profits from its assets, with fluctuations in performance over the five-year period.