Sitime Corporation (SITM)
Return on assets (ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -93,601 | -94,785 | -93,595 | -92,748 | -80,534 | -62,064 | -38,156 | 625 | 23,255 | 44,641 | 52,818 | 41,982 | 32,277 | 14,409 | -218 | -7,844 | -9,372 | -10,730 | -8,984 | -8,830 |
| Total assets | US$ in thousands | 884,959 | 877,903 | 878,555 | 942,623 | 951,683 | 747,687 | 745,504 | 746,428 | 750,616 | 738,054 | 733,963 | 698,048 | 678,209 | 367,443 | 334,383 | 324,076 | 136,011 | 127,697 | 155,476 | 128,214 |
| ROA | -10.58% | -10.80% | -10.65% | -9.84% | -8.46% | -8.30% | -5.12% | 0.08% | 3.10% | 6.05% | 7.20% | 6.01% | 4.76% | 3.92% | -0.07% | -2.42% | -6.89% | -8.40% | -5.78% | -6.89% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-93,601K ÷ $884,959K
= -10.58%
Sitime Corporation's return on assets (ROA) has shown a fluctuating trend over the past few years. From March 2020 to June 2021, the ROA was negative, indicating that the company's assets were not generating sufficient returns. However, starting from September 2021, there was a positive turnaround in ROA, indicating that the company's assets became more profitable.
The ROA continued to increase steadily from September 2021 to June 2022, reaching its peak at 7.20%. This suggests that Sitime Corporation was effectively utilizing its assets to generate profits during this period. However, from September 2022 onwards, there was a gradual decline in ROA, indicating a decrease in the profitability of the company's assets.
By the end of December 2024, Sitime Corporation's ROA had declined to -10.58%, reflecting a significant decrease in profitability compared to the peak in June 2022. This downward trend may indicate challenges in asset management or declining profitability of the company overall. Monitoring and analyzing ROA trends can provide insights into Sitime Corporation's ability to generate profits from its assets and may help in assessing the company's financial health and performance over time.
Peer comparison
Dec 31, 2024