Rambus Inc (RMBS)
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 | 333,904 | 291,308 | 189,049 | 55,189 | -14,310 | -24,154 | -21,417 | -45,271 | 18,334 | 174 | -16,239 | -36,545 | -40,471 | -35,292 | -39,886 | -67,726 | -87,763 | -82,905 | -170,467 | -148,844 |
Total assets | US$ in thousands | 1,258,230 | 1,184,330 | 1,127,120 | 962,630 | 1,012,590 | 969,056 | 1,110,910 | 1,060,880 | 1,232,650 | 1,202,670 | 1,152,980 | 1,235,780 | 1,251,410 | 1,309,020 | 1,316,650 | 1,325,390 | 1,338,990 | 1,301,630 | 1,312,160 | 1,321,420 |
ROA | 26.54% | 24.60% | 16.77% | 5.73% | -1.41% | -2.49% | -1.93% | -4.27% | 1.49% | 0.01% | -1.41% | -2.96% | -3.23% | -2.70% | -3.03% | -5.11% | -6.55% | -6.37% | -12.99% | -11.26% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $333,904K ÷ $1,258,230K
= 26.54%
The Return on Assets (ROA) ratio for Rambus Inc. has demonstrated a positive trend over the past eight quarters. ROA increased from -4.27% in Q1 2022 to 26.54% in Q4 2023, indicating an improvement in the company's ability to generate profit relative to its total assets. This upward trajectory suggests that Rambus has been more efficient in utilizing its assets to generate earnings over the specified period. The consistent growth in ROA reflects positively on the company's operational performance and overall asset management efficiency.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
Rambus Inc
RMBS
26.54%
ADEIA CORP
ADEA
6.09%
Advanced Micro Devices Inc
AMD
1.26%
Allegro Microsystems Inc
ALGM
9.98%
Alpha and Omega Semiconductor Ltd
AOSL
-0.97%
Amkor Technology Inc
AMKR
5.31%
Analog Devices Inc
ADI
5.82%
Applied Materials Inc
AMAT
22.69%
Broadcom Inc
AVGO
6.54%
CEVA Inc
CEVA
-3.91%
Cirrus Logic Inc
CRUS
12.30%