Sanmina Corporation (SANM)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 286,117 | 232,851 | 212,537 |
| Total assets | US$ in thousands | 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 | 3,905,510 | 4,019,960 | 4,206,690 |
| Operating ROA | 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% | 7.33% | 5.79% | 5.05% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $414,808K ÷ $4,616,980K
= 8.98%
Sanmina Corporation's operating return on assets (ROA) has displayed some fluctuations over the past few quarters.
In the most recent quarter, ending on December 31, 2023, the operating ROA stood at 8.98%. This represents a slight decrease compared to the previous quarter's 9.35% and reflects a moderate downward trend in profitability.
The most significant deviation occurred in the quarter ending December 31, 2022, where the operating ROA spiked to an impressive 25.31%, indicating a substantial improvement in profitability. However, this surge was followed by a sharp decline in the subsequent quarters, suggesting a potential anomaly or one-time event affecting profitability.
Overall, Sanmina Corporation has shown varying levels of operating ROA, indicating potential fluctuations in the efficiency with which the company is generating profits from its assets. Further analysis would be needed to understand the specific drivers behind these fluctuations and to assess the company's operational performance more comprehensively.
Peer comparison
Dec 31, 2023