Silicon Laboratories Inc (SLAB)

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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	-34,516	60,632	71,283	82,462	91,402	62,943	2,118,644	2,099,115	2,089,717	2,101,763	-1,934	-46,637	-57,902	-57,135	-9,957	16,087	19,241	24,671	32,251	62,584
Total assets	US$ in thousands	1,443,060	1,475,060	1,518,800	2,161,450	2,169,430	2,336,300	2,419,400	2,843,760	2,958,300	3,639,500	1,896,000	1,870,620	1,993,490	1,943,080	1,923,710	1,971,080	1,674,850	1,637,180	1,602,940	1,621,930
ROA		-2.39%	4.11%	4.69%	3.82%	4.21%	2.69%	87.57%	73.81%	70.64%	57.75%	-0.10%	-2.49%	-2.90%	-2.94%	-0.52%	0.82%	1.15%	1.51%	2.01%	3.86%

December 31, 2023 calculation

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

Silicon Laboratories Inc's return on assets (ROA) has exhibited fluctuating performance over the past 20 quarters. In the most recent quarter ending December 31, 2023, the ROA was negative at -2.39%, indicating a decline in efficiency in generating profit from its assets. However, this was preceded by positive ROA figures in the previous three quarters, with a peak of 4.69% in June 30, 2023.

The company experienced a significant anomaly in the quarter ending June 30, 2022, where the ROA surged to a remarkably high 87.57%, which could be attributed to one-time gains, accounting adjustments, or unusual events. This outlier aside, Silicon Laboratories Inc maintained healthier ROA figures in the quarters surrounding it.

Analyzing the historical trend of ROA, it is apparent that the company's performance has been somewhat volatile, with a mix of positive and negative ROA values recorded. Management should closely monitor the efficiency of asset utilization to ensure sustained profitability and operational effectiveness in the long term.