Skyworks Solutions Inc (SWKS)

Return on assets (ROA)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Net income (ttm)	US$ in thousands	596,000	780,300	855,200	904,700	982,800	1,040,200	1,111,700	1,184,700	1,275,200	1,299,300	1,369,800	1,389,000	1,498,400	1,419,000	1,210,900	1,067,000	814,800	778,500	792,900	825,800
Total assets	US$ in thousands	8,283,300	8,236,400	8,309,700	8,229,100	8,426,700	8,464,100	8,841,700	8,947,400	8,873,800	8,694,600	8,511,600	8,618,500	8,590,700	7,486,200	5,734,400	5,419,800	5,106,700	5,072,400	4,981,900	5,091,800
ROA		7.20%	9.47%	10.29%	10.99%	11.66%	12.29%	12.57%	13.24%	14.37%	14.94%	16.09%	16.12%	17.44%	18.95%	21.12%	19.69%	15.96%	15.35%	15.92%	16.22%

September 30, 2024 calculation

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

The return on assets (ROA) of Skyworks Solutions Inc has been fluctuating over the past few quarters. The ROA has ranged from 7.20% to 21.12% over the last two years.

In recent quarters, Skyworks Solutions Inc has shown a decreasing trend in ROA from 21.12% in March 2021 to 7.20% in September 2024. This decrease can be a cause for concern as lower ROA indicates that the company is generating less profit from its assets.

Analyzing the trend of ROA over time can provide insights into the efficiency of asset utilization and the overall financial health of the company. It is important for investors and stakeholders to monitor ROA as it can reflect the company's ability to generate profits relative to the total assets employed. Further analysis of the company's financial performance and operational efficiency would be required to understand the factors influencing the fluctuations in ROA.