Synaptics Incorporated (SYNA)

Return on assets (ROA)

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 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
Net income (ttm) US$ in thousands -47,800 165,200 168,900 158,100 125,600 -106,100 -77,600 -46,600 73,600 179,900 234,400 281,900 257,500 193,600 142,500 122,600 79,600 150,600 141,800 112,000
Total assets US$ in thousands 2,584,400 2,554,300 2,527,500 2,791,200 2,825,000 2,539,700 2,573,300 2,548,700 2,611,400 2,714,700 2,725,300 2,824,800 2,858,100 2,698,000 2,567,400 1,782,200 2,226,800 2,181,000 1,792,200 1,774,900
ROA -1.85% 6.47% 6.68% 5.66% 4.45% -4.18% -3.02% -1.83% 2.82% 6.63% 8.60% 9.98% 9.01% 7.18% 5.55% 6.88% 3.57% 6.91% 7.91% 6.31%

June 30, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $-47,800K ÷ $2,584,400K
= -1.85%

The analysis of Synaptics Incorporated's return on assets (ROA) over the specified period reveals notable fluctuations and trends. In fiscal year 2020, the company's ROA improved from 6.31% as of September 30, 2020, to a peak of 7.91% at the end of December 2020, indicating increased efficiency in generating profit from its assets during that period. The first quarter of 2021 saw a slight decline to 6.91%, but the ROA remained relatively stable.

However, during the subsequent transition into fiscal year 2021 and 2022, the ROA exhibited mixed performance. It decreased to 3.57% in June 2021 before rebounding to 6.88% by September 2021 and then fluctuating down to 5.55% in December 2021. The upward trend resumed, reaching 7.18% in March 2022, followed by an improvement to 9.01% in June 2022 and a further increase to 9.98% in September 2022. These figures suggest periods of operational strength and efficiency gains.

Despite this, the ROA declined later in 2022, settling at 8.60% by December 2022, and then dropped sharply to 6.63% in March 2023. The subsequent quarters indicated continued weakness, with ROA turning negative at -1.83% in September 2023 and further down to -3.02% in December 2023. This negative trend persisted into March 2024 and June 2024, with the latter showing a recovery to 4.45%. The most recent data for September 2024 indicates an improved ROA of 5.66%, and subsequent figures show a return to positive territory, reaching 6.68% in December 2024 and slightly decreasing to 6.47% in March 2025. The second quarter of 2025 again reflects a negative ROA of -1.85%.

Overall, Synaptics' ROA experienced periods of growth and achievement, notably in late 2021 and mid-2022, but was also subject to significant declines, including negative values from late 2023 onward. These fluctuations may reflect varying operational efficiencies, profitability pressures, or external market conditions affecting asset utilization and profitability over time.