Skyworks Solutions Inc (SWKS)

Return on assets (ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	596,000	982,800	1,275,200	1,498,300	814,800
Total assets	US$ in thousands	8,283,300	8,426,700	8,873,800	8,590,700	5,106,700
ROA		7.20%	11.66%	14.37%	17.44%	15.96%

September 30, 2024 calculation

ROA = Net income ÷ Total assets
= $596,000K ÷ $8,283,300K
= 7.20%

The return on assets (ROA) of Skyworks Solutions Inc has shown a declining trend over the past five years, from 15.96% in September 2020 to 7.20% in September 2024. This indicates that the company's ability to generate profits from its assets has been decreasing over the period. The significant drop in ROA from 2021 to 2024 could suggest challenges in efficiently utilizing its assets to generate income. Further investigation into the company's operational efficiency and asset management practices may be warranted to address the declining ROA trend.