SanDisk Corp (SNDK)
Return on assets (ROA)
| Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 427,806 | 388,478 | 454,900 | 584,550 | 777,523 | 1,007,446 | 1,143,335 | 1,157,533 | 1,145,376 | 1,042,657 | 918,420 | 718,068 | 469,248 | 417,404 | 485,084 | 641,830 | 877,251 | 986,990 | 1,191,232 | 1,280,071 |
| Total assets | US$ in thousands | 9,511,860 | 9,230,760 | 9,073,000 | 9,149,430 | 9,461,220 | 10,290,000 | 10,708,300 | 10,729,700 | 10,586,400 | 10,488,700 | 8,944,530 | 9,619,000 | 10,376,400 | 10,339,100 | 10,321,500 | 10,075,700 | 10,012,100 | 8,776,710 | 9,860,900 | 9,487,810 |
| ROA | 4.50% | 4.21% | 5.01% | 6.39% | 8.22% | 9.79% | 10.68% | 10.79% | 10.82% | 9.94% | 10.27% | 7.47% | 4.52% | 4.04% | 4.70% | 6.37% | 8.76% | 11.25% | 12.08% | 13.49% |
March 31, 2016 calculation
ROA = Net income (ttm) ÷ Total assets
= $427,806K ÷ $9,511,860K
= 4.50%
SanDisk Corp's return on assets (ROA) has shown a general decline over the period from June 30, 2011, to March 31, 2016. The ROA started at a relatively high level of 13.49% on June 30, 2011, and gradually decreased to 4.50% by March 31, 2016.
The decreasing trend in ROA indicates that the company's ability to generate profits from its assets has weakened over time. Factors contributing to this decline could include decreasing profitability, inefficient asset utilization, or an increase in the asset base without corresponding growth in earnings.
It is important for investors and stakeholders to closely monitor this metric as a declining ROA may indicate potential issues with the company's operational efficiency and profitability. Further analysis of the company's financial statements and performance drivers would be necessary to understand the reasons behind the trend in ROA and to assess the overall financial health of SanDisk Corp.