Synopsys Inc (SNPS)

Return on assets (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
Net income (ttm)	US$ in thousands	2,263,384	1,498,464	1,426,661	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
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
ROA		17.31%	12.86%	12.96%	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%

October 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,263,384K ÷ $13,073,600K
= 17.31%

Synopsys Inc has shown a generally positive trend in its return on assets (ROA) over the past few years. The ROA has been consistently increasing from 6.70% in January 2020 to 17.31% in October 2024. This indicates that the company has been more effective in generating profits from its assets over time.

The company's ROA has been above 10% for the majority of the periods, suggesting that Synopsys Inc has been efficiently utilizing its assets to generate profits. The highest ROA of 17.31% in October 2024 indicates a strong performance in converting assets into earnings.

Overall, the increasing trend in ROA reflects positively on Synopsys Inc's operational efficiency and profitability. Investors and stakeholders may view this as a favorable indicator of the company's financial health and performance.