Sanmina Corporation (SANM)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 222,536 | 222,996 | 247,888 | 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 |
| 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 |
| ROA | 4.61% | 4.78% | 5.29% | 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $222,536K ÷ $4,822,840K
= 4.61%
The return on assets (ROA) of Sanmina Corporation has shown some fluctuation over the period under review. The ROA ranged from 2.41% to 17.49% during this time frame. In general, a higher ROA indicates that the company is effectively utilizing its assets to generate profit.
Sanmina's ROA experienced a notable increase in December 2022, reaching 17.49%, before gradually decreasing in subsequent periods. This spike could be attributed to improved efficiency in asset utilization or other factors that significantly boosted profitability during that quarter.
Although the ROA has fluctuated, it has mostly remained above 4% in recent quarters, which generally reflects decent asset efficiency. The downward trend from 6.36% in September 2023 to 4.61% in September 2024 may indicate potential challenges in maintaining profitability relative to the scale of assets employed during this period.
Overall, a more detailed analysis would be necessary to determine the specific reasons behind the fluctuations in Sanmina Corporation's ROA and assess the company's overall asset management effectiveness.
Peer comparison
Sep 30, 2024