Silicon Laboratories Inc (SLAB)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-34,516	91,402	2,117,400	12,531	19,265
Total assets	US$ in thousands	1,443,060	2,169,430	2,958,300	1,993,490	1,674,850
ROA		-2.39%	4.21%	71.57%	0.63%	1.15%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-34,516K ÷ $1,443,060K
= -2.39%

Silicon Laboratories Inc's return on assets (ROA) has exhibited significant fluctuations over the past five years. The company's ROA decreased to -2.39% in 2023 from 4.21% in 2022. This negative ROA indicates that the company generated a net loss relative to its assets in 2023.

In 2021, Silicon Laboratories Inc experienced a remarkably high ROA of 71.57%, signifying a strong ability to generate profit from its assets during that period. This substantial return indicates efficient utilization of assets to generate profits.

The ROA dropped to 0.63% in 2020 from the relatively high levels of the previous years. This may suggest a decrease in profitability and efficiency in generating earnings from its assets during that year.

Additionally, in 2019, Silicon Laboratories Inc's ROA stood at 1.15%, indicating a moderate return on its assets during that year.

Overall, the fluctuation in Silicon Laboratories Inc's ROA over the past five years may indicate varying levels of profitability and efficiency in asset utilization. Further analysis of the company's financial performance and operational activities may be required to understand the factors driving these changes in ROA.