Return on Assets (ROA)
since 2005
Calculation
Analog Devices Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Nov 2, 2024 | 3.39% | = | 100 | × | 1,635,273) | ÷ | 48,228,277) |
| Oct 28, 2023 | 6.79% | = | 100 | × | 3,314,579) | ÷ | 48,794,478) |
| Oct 29, 2022 | 5.46% | = | 100 | × | 2,748,561) | ÷ | 50,302,350) |
| Oct 30, 2021 | 2.66% | = | 100 | × | 1,390,422) | ÷ | 52,322,071) |
| Oct 31, 2020 | 5.69% | = | 100 | × | 1,220,761) | ÷ | 21,468,603) |
| Nov 2, 2019 | 6.37% | = | 100 | × | 1,363,011) | ÷ | 21,392,641) |
| Nov 3, 2018 | 7.31% | = | 100 | × | 1,495,432) | ÷ | 20,449,779) |
| Oct 28, 2017 | 3.44% | = | 100 | × | 727,259) | ÷ | 21,141,294) |
| Oct 29, 2016 | 10.81% | = | 100 | × | 861,664) | ÷ | 7,970,278) |
| Oct 31, 2015 | 9.87% | = | 100 | × | 696,878) | ÷ | 7,062,178) |
| Nov 1, 2014 | 9.17% | = | 100 | × | 629,320) | ÷ | 6,859,690) |
| Nov 2, 2013 | 10.55% | = | 100 | × | 673,487) | ÷ | 6,381,750) |
| Nov 3, 2012 | 11.59% | = | 100 | × | 651,236) | ÷ | 5,620,347) |
| Oct 29, 2011 | 16.44% | = | 100 | × | 867,394) | ÷ | 5,277,635) |
| Oct 30, 2010 | 16.45% | = | 100 | × | 712,084) | ÷ | 4,328,831) |
| Oct 31, 2009 | 7.28% | = | 100 | × | 247,772) | ÷ | 3,404,294) |
| Nov 1, 2008 | 25.44% | = | 100 | × | 786,284) | ÷ | 3,090,992) |
| Nov 3, 2007 | 16.72% | = | 100 | × | 496,907) | ÷ | 2,971,949) |
| Oct 28, 2006 | 13.78% | = | 100 | × | 549,482) | ÷ | 3,986,851) |
| Oct 29, 2005 | 9.05% | = | 100 | × | 414,787) | ÷ | 4,583,211) |
Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).
1 US$ in thousands
The analysis of the financial data reveals several notable trends in net income, total assets, and return on assets (ROA) over the observed periods.
- Net Income
- Net income demonstrates significant volatility with periods of both growth and decline. Starting from approximately $415 million in 2005, it increased to around $867 million by 2011, followed by fluctuations including a peak exceeding $1.49 billion in 2018. Afterward, there were some decreases and rises again, reaching a maximum near $3.31 billion in 2022 before dropping sharply to approximately $1.63 billion in 2024. This variability may reflect cyclical market effects or operational challenges and successes across the years.
- Total Assets
- Total assets show an overall upward trajectory with some variability. From about $4.58 billion in 2005, there is a general increase peaking at roughly $21.14 billion in 2017. This is followed by a plateau and significant jumps around 2021 and 2022, reaching values exceeding $52 billion before a gradual decline toward just under $48.2 billion in 2024. The substantial growth in assets starting in 2016 suggests strategic expansions or acquisitions, while the recent decreases indicate possible asset disposals or revaluations.
- Return on Assets (ROA)
- ROA fluctuates substantially, reflecting changes in profitability relative to asset base. Initially, there is an increasing trend, peaking at about 25.44% in 2008, followed by a general decline with intermittent recoveries. Post-2008, ROA trends downward reaching lows near 2.66% in 2021, with minor improvements thereafter but remaining below the earlier high levels. This decreasing trend suggests that despite asset growth, profitability efficiency per asset has diminished in recent years.
In summary, the data illustrates a company experiencing significant growth in asset size with varied levels of profitability efficiency and net income volatility. The peak in assets and income around the late 2010s to early 2020s contrasts with the declining ROA, indicating that increased asset acquisition has not been proportionally matched by income generation efficiency. The recent volatility in net income and asset base may warrant closer analysis of operational performance and capital management strategies.
Comparison to Competitors
Analog Devices Inc., ROA, long-term trends, comparison to competitors
| Analog Devices Inc. | Advanced Micro Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2, 2024 | 3.39% | 2.37% | 20.86% | 3.56% | -9.55% | 17.90% | 20.42% | 1.12% | 45.28% | 18.39% | 13.51% |
| Oct 28, 2023 | 6.79% | 1.26% | 22.31% | 19.33% | 0.88% | 24.07% | 24.02% | -9.08% | 10.61% | 14.17% | 20.12% |
| Oct 29, 2022 | 5.46% | 1.95% | 24.41% | 15.69% | 4.40% | 26.37% | 26.78% | 13.11% | 22.07% | 26.39% | 32.16% |
| Oct 30, 2021 | 2.66% | 25.46% | 22.80% | 8.91% | 11.80% | 20.23% | 24.59% | 9.96% | 15.05% | 21.93% | 31.48% |
| Oct 31, 2020 | 5.69% | 27.78% | 16.19% | 3.90% | 13.65% | 13.11% | 15.47% | 5.01% | 16.15% | 14.60% | 28.91% |
| Nov 2, 2019 | 6.37% | 5.66% | 14.22% | 4.04% | 15.42% | 13.05% | 18.26% | 12.91% | 31.15% | 13.31% | 27.84% |
| Nov 3, 2018 | 7.31% | 7.40% | 18.64% | 24.46% | 16.45% | 14.28% | 19.08% | 32.59% | 27.11% | -14.88% | 32.56% |
| Oct 28, 2017 | 3.44% | 1.21% | 17.68% | 3.11% | 7.79% | 16.74% | 14.00% | 14.40% | 16.93% | 3.77% | 20.87% |
| Oct 29, 2016 | 10.81% | -14.97% | 11.80% | -3.48% | 9.10% | 14.20% | 7.45% | -1.00% | 8.33% | 10.90% | 21.88% |
| Oct 31, 2015 | 9.87% | -21.23% | 9.00% | 12.88% | 11.08% | 7.59% | 7.00% | 12.01% | 8.76% | 10.38% | 18.40% |
| Nov 1, 2014 | 9.17% | -10.70% | 8.14% | 2.51% | 12.73% | 10.52% | 7.91% | 13.53% | 6.07% | 16.40% | 15.92% |
| Nov 2, 2013 | 10.55% | -1.91% | 2.13% | 16.16% | 10.42% | 10.27% | 1.57% | 6.22% | 8.77% | 15.06% | 11.42% |
| Nov 3, 2012 | 11.59% | -29.58% | 0.90% | 19.67% | 13.05% | 14.82% | 2.11% | -7.20% | 10.46% | 14.20% | 8.79% |
| Oct 29, 2011 | 16.44% | 9.91% | 13.90% | 22.57% | 18.20% | 16.99% | 17.84% | 1.13% | 5.63% | 11.70% | 10.91% |
| Oct 30, 2010 | 16.45% | 9.49% | 8.57% | 19.24% | 18.14% | 5.43% | 13.94% | 12.59% | -1.90% | 10.62% | 24.09% |
| Oct 31, 2009 | 7.28% | 3.35% | -3.19% | -2.23% | 8.23% | -14.50% | -15.48% | -16.02% | -0.90% | 5.80% | 12.13% |
| Nov 1, 2008 | 25.44% | -40.36% | 8.73% | — | 10.43% | 7.41% | 15.65% | -12.06% | 21.28% | 12.86% | 16.10% |
| Nov 3, 2007 | 16.72% | -29.26% | 16.05% | — | 12.54% | 11.42% | 32.63% | -2.16% | 16.78% | 17.86% | 20.98% |
| Oct 28, 2006 | 13.78% | -1.26% | 16.00% | — | 10.43% | 8.31% | 14.51% | 3.34% | 15.80% | 16.24% | 31.16% |
| Oct 29, 2005 | 9.05% | 2.27% | 10.74% | — | 17.93% | 11.71% | 20.66% | 2.35% | 6.16% | 17.17% | 15.43% |
Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Analog Devices Inc., ROA, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Analog Devices Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Nov 2, 2024 | 3.39% | 6.42% |
| Oct 28, 2023 | 6.79% | 7.41% |
| Oct 29, 2022 | 5.46% | 12.68% |
| Oct 30, 2021 | 2.66% | 13.62% |
| Oct 31, 2020 | 5.69% | 11.80% |
| Nov 2, 2019 | 6.37% | 13.37% |
| Nov 3, 2018 | 7.31% | 17.34% |
| Oct 28, 2017 | 3.44% | 8.44% |
| Oct 29, 2016 | 10.81% | 7.07% |
| Oct 31, 2015 | 9.87% | 10.73% |
| Nov 1, 2014 | 9.17% | 12.19% |
| Nov 2, 2013 | 10.55% | 10.15% |
| Nov 3, 2012 | 11.59% | 9.51% |
| Oct 29, 2011 | 16.44% | 13.81% |
| Oct 30, 2010 | 16.45% | 14.79% |
| Oct 31, 2009 | 7.28% | 3.61% |
| Nov 1, 2008 | 25.44% | 6.72% |
| Nov 3, 2007 | 16.72% | 9.62% |
| Oct 28, 2006 | 13.78% | 12.13% |
| Oct 29, 2005 | 9.05% | 14.01% |
Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).
Comparison to Industry (Information Technology)
Analog Devices Inc., ROA, long-term trends, comparison to industry (information technology)
| Analog Devices Inc. | Information Technology | |
|---|---|---|
| Nov 2, 2024 | 3.39% | 11.95% |
| Oct 28, 2023 | 6.79% | 12.52% |
| Oct 29, 2022 | 5.46% | 14.57% |
| Oct 30, 2021 | 2.66% | 14.67% |
| Oct 31, 2020 | 5.69% | 11.45% |
| Nov 2, 2019 | 6.37% | 11.78% |
| Nov 3, 2018 | 7.31% | 10.94% |
| Oct 28, 2017 | 3.44% | 9.05% |
| Oct 29, 2016 | 10.81% | 9.79% |
| Oct 31, 2015 | 9.87% | 11.53% |
| Nov 1, 2014 | 9.17% | 12.36% |
| Nov 2, 2013 | 10.55% | 13.26% |
| Nov 3, 2012 | 11.59% | 14.08% |
| Oct 29, 2011 | 16.44% | 15.10% |
| Oct 30, 2010 | 16.45% | 14.50% |
| Oct 31, 2009 | 7.28% | 10.08% |
| Nov 1, 2008 | 25.44% | 11.99% |
| Nov 3, 2007 | 16.72% | 12.03% |
| Oct 28, 2006 | 13.78% | 12.21% |
| Oct 29, 2005 | 9.05% | 12.76% |
Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).