Wolfspeed Inc (WOLF)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	-864,200	-329,900	-200,900	-523,900	-191,700
Total assets	US$ in thousands	7,984,600	6,586,700	3,917,500	3,446,800	3,231,000
ROA		-10.82%	-5.01%	-5.13%	-15.20%	-5.93%

June 30, 2024 calculation

ROA = Net income ÷ Total assets
= $-864,200K ÷ $7,984,600K
= -10.82%

Wolfspeed Inc's return on assets (ROA) has varied over the past five years. In the most recent fiscal year as of June 30, 2024, the ROA was -10.82%, which indicates that for every dollar of assets the company holds, it generated a loss of approximately 10.82 cents.

Comparing this to the previous years, we see a trend of fluctuating ROA figures. While the ROA was negative in each of the five years analyzed, the magnitude of the losses differed. The ROA was the most negative in 2021 at -15.20% and relatively less negative in 2023 and 2022 at -5.01% and -5.13%, respectively.

The negative ROA figures suggest that Wolfspeed Inc is not effectively utilizing its assets to generate profits. Investors and stakeholders may be concerned about the company's ability to efficiently generate earnings from its asset base. It could be beneficial for the company to review its asset management strategies and operational efficiency to improve its ROA in the future.