Smart Global Holdings Inc (SGH)
Return on assets (ROA)
| Mar 1, 2024 | Dec 1, 2023 | Aug 25, 2023 | May 26, 2023 | Feb 24, 2023 | Nov 25, 2022 | Aug 26, 2022 | May 27, 2022 | Feb 25, 2022 | Nov 26, 2021 | Aug 27, 2021 | May 28, 2021 | Feb 26, 2021 | Nov 27, 2020 | May 29, 2020 | Feb 28, 2020 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -198,840 | -212,439 | -187,526 | -26,723 | 21,845 | 51,522 | 66,557 | 67,248 | 35,924 | 39,310 | 21,310 | 1,485 | -1,024 | -6,644 | -3,046 | -1,926 | 20,580 | 51,332 | 75,425 | 105,426 |
| Total assets | US$ in thousands | 1,517,450 | 1,630,860 | 1,505,960 | 1,591,190 | 1,640,080 | 1,807,660 | 1,572,060 | 1,554,050 | 1,508,510 | 1,323,700 | 1,344,800 | 1,189,060 | 820,807 | 784,725 | 792,300 | 808,437 | 782,733 | 704,137 | 670,013 | 776,408 |
| ROA | -13.10% | -13.03% | -12.45% | -1.68% | 1.33% | 2.85% | 4.23% | 4.33% | 2.38% | 2.97% | 1.58% | 0.12% | -0.12% | -0.85% | -0.38% | -0.24% | 2.63% | 7.29% | 11.26% | 13.58% |
March 1, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-198,840K ÷ $1,517,450K
= -13.10%
Smart Global Holdings Inc's return on assets (ROA) has shown fluctuating performance over the past few quarters. The ROA ranged from a low of -13.10% in March 2024 to a high of 13.58% in March 2019. In recent quarters, the ROA has been negative, indicating that the company is generating less profit relative to its total assets. This could be a concern for investors and stakeholders, as it suggests that the company's asset utilization and profitability are not at desirable levels. It is important for the company to assess its operational efficiency and profitability drivers to improve its ROA performance and enhance overall financial health.
Peer comparison
Mar 1, 2024