Synopsys Inc (SNPS)

Return on assets (ROA)

		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	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Net income (ttm)	US$ in thousands	1,407,464	1,229,888	1,034,198	920,572	942,443	984,594	1,032,541	1,008,561	908,858	757,516	753,524	807,789	722,631	664,347	627,606	474,624	482,914	532,367	625,981	605,461
Total assets	US$ in thousands	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	6,405,160	6,153,410	6,194,220
ROA		13.33%	11.90%	10.42%	9.40%	9.85%	10.45%	11.07%	10.95%	10.21%	8.66%	8.88%	9.69%	9.02%	8.27%	8.19%	6.48%	6.70%	8.31%	10.17%	9.77%

January 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,407,464K ÷ $10,558,300K
= 13.33%

To analyze Synopsys, Inc.'s Return on Assets (ROA) based on the provided data, we observe a fluctuating trend over the past eight quarters.

In Q1 2024, Synopsys, Inc. achieved an ROA of 13.33%, which represents a notable increase from the previous quarter's ROA of 11.90% in Q4 2023. This improvement suggests that the company efficiently utilized its assets to generate earnings during this period.

The ROA had shown a consistent upward trend from Q2 2022 to Q1 2023, reaching a peak of 10.45% before experiencing a slight decline in Q2 2023. However, the ROA rebounded in Q3 2023, indicating improved asset efficiency.

Overall, Synopsys, Inc.'s ROA has demonstrated healthy performance, consistently above 9%, indicating effective asset management and profitability. However, continuous monitoring of this ratio is necessary to assess the company's ongoing operational efficiency and financial health.