Synaptics Incorporated (SYNA)

Operating return on assets (Operating ROA)

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Operating income	US$ in thousands	-94,100	-75,800	154,300	350,400	147,000
Total assets	US$ in thousands	2,584,400	2,825,000	2,611,400	2,858,100	2,226,800
Operating ROA		-3.64%	-2.68%	5.91%	12.26%	6.60%

June 30, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $-94,100K ÷ $2,584,400K
= -3.64%

The operating return on assets (operating ROA) for Synaptics Incorporated has exhibited notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. Initially, the company demonstrated a relatively healthy operating ROA of 6.60% as of June 30, 2021, reflecting a moderate efficiency in utilizing its assets to generate operating income. This measure increased significantly to 12.26% by June 30, 2022, indicating an improved operational performance and increased asset efficiency during that period.

However, the subsequent year saw a substantial decline, with the operating ROA decreasing to 5.91% as of June 30, 2023. This decline suggests a reduction in operating profitability relative to asset base, possibly due to increased costs, lower margins, or other operational challenges. The downward trend continued into the following years, with the metric turning negative at -2.68% on June 30, 2024, and further declining to -3.64% by June 30, 2025. Negative operating ROA indicates that the company's core operations are no longer generating sufficient income to cover the costs attributed to its assets, signaling potential operational distress or restructuring challenges.

Overall, the data indicates that Synaptics' operating performance, in terms of asset utilization to generate operating income, experienced a peak around mid-2022 before deteriorating into losses and negative returns by 2024 and 2025. The trend underscores a decline in operational efficiency and profitability, raising concerns about the company's ability to sustain future asset-based profitability without strategic or operational improvements.