Sanmina Corporation (SANM)

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	275,024	309,970	306,493	307,221	276,221	242,841	240,402	279,375	258,622	249,546	245,227	173,912	150,926	139,713	107,864	105,905	141,908	141,515	122,540	113,582
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
ROA		5.96%	6.36%	6.18%	6.11%	17.49%	5.02%	5.07%	6.01%	5.74%	5.93%	6.13%	4.62%	3.99%	3.70%	2.41%	2.43%	3.71%	3.62%	3.05%	2.70%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $275,024K ÷ $4,616,980K
= 5.96%

Sanmina Corporation's return on assets (ROA) has shown some volatility over the past few quarters. The ROA ranged between 2.41% to 17.49% in the last two years. In the most recent quarter, the ROA was 5.96%, which is a slight decrease from the previous quarter. The average ROA for the past two years is 6.28%.

The fluctuation in ROA may indicate changes in the company's profitability and efficiency in generating profits from its assets. A higher ROA suggests that the company is more efficient in using its assets to generate profits, while a lower ROA could indicate inefficiencies or lower profitability.

It is important for investors and stakeholders to closely monitor Sanmina Corporation's ROA over time to assess its operational performance and financial health. Additionally, comparing the company's ROA to industry peers can provide valuable insights into its relative performance within the market.