Synopsys Inc (SNPS)
Operating return on assets (Operating ROA)
Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating income (ttm) | US$ in thousands | 1,362,705 | 1,482,424 | 1,422,289 | 1,382,592 | 1,278,904 | 1,065,756 | 999,608 | 1,070,934 | 1,162,038 | 1,134,953 | 1,102,948 | 933,478 | 734,790 | 740,634 | 749,309 | 680,973 | 620,141 | 553,730 | 470,726 | 460,333 |
Total assets | US$ in thousands | 13,073,600 | 11,648,700 | 11,011,800 | 10,558,300 | 10,333,100 | 9,923,230 | 9,790,730 | 9,565,620 | 9,418,090 | 9,329,550 | 9,210,380 | 8,901,350 | 8,752,260 | 8,485,910 | 8,339,560 | 8,012,840 | 8,030,060 | 7,663,250 | 7,322,470 | 7,202,900 |
Operating ROA | 10.42% | 12.73% | 12.92% | 13.09% | 12.38% | 10.74% | 10.21% | 11.20% | 12.34% | 12.17% | 11.98% | 10.49% | 8.40% | 8.73% | 8.98% | 8.50% | 7.72% | 7.23% | 6.43% | 6.39% |
October 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,362,705K ÷ $13,073,600K
= 10.42%
Operating return on assets (ROA) measures a company's ability to generate profits from its operational assets. Synopsys Inc's operating ROA has shown a positive trend over the past few quarters, indicating improved operational efficiency and effectiveness in utilizing its assets.
The operating ROA increased from 6.39% in January 2020 to 10.42% in October 2024, reflecting a consistent and steady improvement in profitability. This upward trend suggests that Synopsys has been able to generate more profit relative to its assets over time.
The company's operating ROA peaked at 13.09% in January 2024, indicating a particularly strong performance in that period. However, it experienced a slight dip in subsequent quarters but remained above 10% consistently.
Overall, the increasing trend in Synopsys Inc's operating ROA underscores its ability to efficiently convert its assets into operating profits, which is a positive indicator of the company's operational performance and financial health.
Peer comparison
Oct 31, 2024