Sanmina Corporation (SANM)
Operating return on assets (Operating ROA)
| 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 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 335,494 | 345,170 | 370,168 | 414,808 | 455,658 | 459,742 | 443,991 | 399,664 | 349,479 | 312,039 | 293,166 | 281,615 | 278,049 | 285,630 | 276,992 | 236,638 | 219,144 | 208,738 | 212,009 | 265,755 |
| Total assets | US$ in thousands | 4,822,840 | 4,663,530 | 4,686,260 | 4,616,980 | 4,873,970 | 4,957,890 | 5,029,460 | 1,579,280 | 4,835,530 | 4,743,670 | 4,649,910 | 4,502,010 | 4,206,720 | 4,002,590 | 3,765,740 | 3,779,730 | 3,772,660 | 4,474,700 | 4,360,180 | 3,829,740 |
| Operating ROA | 6.96% | 7.40% | 7.90% | 8.98% | 9.35% | 9.27% | 8.83% | 25.31% | 7.23% | 6.58% | 6.30% | 6.26% | 6.61% | 7.14% | 7.36% | 6.26% | 5.81% | 4.66% | 4.86% | 6.94% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $335,494K ÷ $4,822,840K
= 6.96%
Sanmina Corporation's operating return on assets (ROA) has shown fluctuating trends over the past few quarters. From December 2019 to September 2020, the operating ROA remained relatively stable within the range of 4.66% to 6.94%. However, there was a notable increase in the operating ROA in December 2020, reaching 25.31%, which might have been influenced by specific factors or one-time events.
Subsequently, the operating ROA decreased gradually until September 2022, fluctuating between 4.66% and 9.35%. From September 2022 to December 2022, there was a significant increase in the operating ROA, reaching 8.98%. The following quarters from March 2023 to September 2024 displayed operating ROA figures hovering between 6.30% and 9.40%.
Overall, the operating ROA of Sanmina Corporation has shown some variability, but it generally demonstrates the company's ability to generate operating profits relative to its total assets. It is essential to closely monitor these trends to assess the efficiency and profitability of the company's core operations.
Peer comparison
Sep 30, 2024