Sitime Corporation (SITM)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-80,535	23,254	32,277	-9,372	-6,607
Total assets	US$ in thousands	951,683	750,616	678,209	136,011	123,391
ROA		-8.46%	3.10%	4.76%	-6.89%	-5.35%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-80,535K ÷ $951,683K
= -8.46%

Based on the data provided, SiTime Corp's return on assets (ROA) has fluctuated over the past five years. In 2023, the company reported a negative ROA of -8.46%, indicating that its net income generated by its assets was lower than the value of those assets. This represents a significant decline from the previous year's ROA of 3.10%.

In 2022 and 2021, SiTime Corp demonstrated positive ROA figures of 3.10% and 4.76% respectively, suggesting that the company was able to efficiently generate earnings from its assets during those periods.

However, in 2020 and 2019, the company experienced negative ROA figures of -6.89% and -5.35% respectively, indicating that it faced challenges in effectively utilizing its assets to generate profits during those years.

Overall, SiTime Corp's ROA has been volatile, showing both positive and negative trends in the efficiency of asset utilization over the five-year period. The negative ROA figures in certain years may indicate potential inefficiencies or financial difficulties that the company faced during those periods.