Sitime Corporation (SITM)

Return on assets (ROA)

		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	-80,535	-62,065	-38,157	624	23,254	44,641	52,818	41,982	32,277	14,409	-218	-7,844	-9,372	-10,730
Total assets	US$ in thousands	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	123,391
ROA		-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%

December 31, 2023 calculation

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

SiTime Corp's return on assets (ROA) has been on a declining trend over the past eight quarters. The ROA was negative in the last four quarters, with Q4 2023 showing the lowest ROA at -8.46%. This indicates that the company's net income generated from its assets has decreased significantly or turned negative in recent quarters. The positive ROA witnessed in Q1 2023 and Q4 2022 suggests that the company was more efficient in utilizing its assets to generate profit during those periods. Overall, the decreasing trend in ROA may signal potential inefficiencies in asset utilization or declining profitability for SiTime Corp. Additional analysis and investigation into the company's financial performance and operational efficiency are recommended to better understand the factors contributing to the declining ROA.