Synaptics Incorporated (SYNA)
Return on assets (ROA)
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 118,800 | -17,400 | -15,700 | -22,700 |
| Total assets | US$ in thousands | 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 | 1,693,800 | 1,481,100 | 1,457,200 | 1,424,300 |
| ROA | 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% | 7.01% | -1.17% | -1.08% | -1.59% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $125,600K ÷ $2,825,000K
= 4.45%
Synaptics Incorporated's return on assets (ROA) fluctuated over the past few quarters. The ROA was positive in most quarters, indicating the company was generating profit relative to its total assets. However, there were negative ROA figures in a few quarters, indicating periods when the company's assets were not effectively utilized to generate profits.
The highest ROA was recorded in Dec 31, 2022, and reached 9.98%. This indicates that during that period, Synaptics was generating significant profits in relation to its total assets. On the other hand, the lowest ROA was observed in Mar 31, 2024, at -4.18%, signifying a period of unprofitability relative to the company's asset base.
Overall, Synaptics' ROA has shown variability over the analyzed periods, reflecting changes in the company's profitability and efficiency in utilizing its assets to generate earnings. It would be essential for stakeholders to closely monitor these fluctuations and investigate the underlying reasons behind them to assess the company's financial performance and management of assets effectively.
Peer comparison
Jun 30, 2024