Sitime Corporation (SITM)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -93,601 | -80,535 | 23,254 | 32,277 | -9,372 |
| Total assets | US$ in thousands | 884,959 | 951,683 | 750,616 | 678,209 | 136,011 |
| ROA | -10.58% | -8.46% | 3.10% | 4.76% | -6.89% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-93,601K ÷ $884,959K
= -10.58%
The return on assets (ROA) of Sitime Corporation has fluctuated over the past five years. In 2020, the ROA was negative at -6.89%, indicating that the company's assets were not generating a positive return. However, the ROA showed improvement in the following years, reaching 4.76% in 2021, 3.10% in 2022. However, in 2023 and 2024, the ROA deteriorated to -8.46% and -10.58%, respectively. This downward trend indicates that the company's assets were not utilized efficiently to generate profits during these years. It is crucial for Sitime Corporation to carefully analyze and address the factors contributing to the decline in ROA to ensure sustainable profitability and operational efficiency in the future.
Peer comparison
Dec 31, 2024