Synaptics Incorporated (SYNA)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	125,600	73,600	257,500	79,600	118,800
Total assets	US$ in thousands	2,825,000	2,611,400	2,858,100	2,226,800	1,693,800
ROA		4.45%	2.82%	9.01%	3.57%	7.01%

June 30, 2024 calculation

ROA = Net income ÷ Total assets
= $125,600K ÷ $2,825,000K
= 4.45%

Synaptics Incorporated's return on assets (ROA) has fluctuated over the past five years. In the most recent fiscal year ending June 30, 2024, the ROA was 4.45%, indicating that the company generated 4.45 cents of profit for every dollar of assets it possesses. This represents an increase from the previous year when the ROA was 2.82%.

Comparing to historical data, the ROA in 2024 falls below the levels seen in 2022 and 2020, when the ROA was 9.01% and 7.01% respectively. However, it is higher than the ROA reported in 2021, which stood at 3.57%.

Overall, the trend in Synaptics' ROA suggests some variability in the company's ability to generate profit from its assets. Further analysis of the company's financial performance and factors influencing its ROA would be needed to provide a more comprehensive understanding of the company's financial health and efficiency in asset utilization.