Synaptics Incorporated (SYNA)

Operating return on assets (Operating ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Operating income	US$ in thousands	-101,600	154,300	350,400	147,000	68,900
Total assets	US$ in thousands	2,825,000	2,611,400	2,858,100	2,226,800	1,693,800
Operating ROA		-3.60%	5.91%	12.26%	6.60%	4.07%

June 30, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $-101,600K ÷ $2,825,000K
= -3.60%

Based on the historical data provided for Synaptics Incorporated, the operating return on assets (operating ROA) has fluctuated over the past five years. In the most recent period ending on June 30, 2024, the company's operating ROA was -3.60%, indicating that the company generated a negative return from its operating activities in relation to its asset base.

Comparing this to the previous years, there has been a downward trend in operating ROA since 2022, where the company achieved a relatively high operating ROA of 12.26%. This suggests that Synaptics' ability to generate operating profits from its assets has weakened in recent years.

It is important to note that a negative operating ROA, like in 2024, could be a cause for concern as it implies that the company's operating expenses are surpassing its operating income, resulting in a loss-making situation from its core operations relative to its asset base.

Further analysis of the company's operational efficiency, cost management, revenue generation, and asset utilization would be necessary to understand the factors driving the fluctuations in operating ROA and to determine the potential implications for Synaptics' financial performance and business sustainability.