Return on Assets (ROA)
since 2005
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Micron Technology Inc. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
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Calculation
Micron Technology Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to Micron1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Aug 29, 2024 | = | 100 | × | ÷ | |||
| Aug 31, 2023 | = | 100 | × | ÷ | |||
| Sep 1, 2022 | = | 100 | × | ÷ | |||
| Sep 2, 2021 | = | 100 | × | ÷ | |||
| Sep 3, 2020 | = | 100 | × | ÷ | |||
| Aug 29, 2019 | = | 100 | × | ÷ | |||
| Aug 30, 2018 | = | 100 | × | ÷ | |||
| Aug 31, 2017 | = | 100 | × | ÷ | |||
| Sep 1, 2016 | = | 100 | × | ÷ | |||
| Sep 3, 2015 | = | 100 | × | ÷ | |||
| Aug 28, 2014 | = | 100 | × | ÷ | |||
| Aug 29, 2013 | = | 100 | × | ÷ | |||
| Aug 30, 2012 | = | 100 | × | ÷ | |||
| Sep 1, 2011 | = | 100 | × | ÷ | |||
| Sep 2, 2010 | = | 100 | × | ÷ | |||
| Sep 3, 2009 | = | 100 | × | ÷ | |||
| Aug 28, 2008 | = | 100 | × | ÷ | |||
| Aug 30, 2007 | = | 100 | × | ÷ | |||
| Aug 31, 2006 | = | 100 | × | ÷ | |||
| Sep 1, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
1 US$ in millions
The financial data reveals notable fluctuations in net income, total assets, and return on assets (ROA) over the analyzed period.
- Net Income (Loss) Attributable to Micron
-
Net income demonstrates significant volatility across the years. Initial positive earnings in 2005 and 2006 were followed by substantial losses from 2007 through 2009, with the lowest point in 2009 at -$1,835 million. Recovery is evident from 2010 onwards, highlighted by notable gains in 2013, 2014, and especially 2018, where net income peaked at $14,135 million. However, after reaching this peak, the net income exhibited fluctuations with reductions in some years, including a sharp loss in 2023 of -$5,833 million and a modest positive figure in 2024.
- Total Assets
-
Total assets display an overall upward trend, increasing steadily from $8,006 million in 2005 to a peak of $69,416 million in 2024. Some minor declines are observed in certain years, such as a slight drop from 2023 to 2024. This trend suggests consistent asset growth, reflecting either capital investments, acquisitions, or retained earnings contributing to the asset base expansion.
- Return on Assets (ROA)
-
ROA fluctuates widely, corresponding closely with the net income pattern. Negative ROA appears during years of net losses, prominently between 2007 and 2009, with a low of -16.02% in 2009. Positive ROA resumes from 2010, peaking at 32.59% in 2018, indicating efficient asset utilization to generate profit during that period. Subsequent years show oscillating ROA values, including negative performance in 2023 and a slight positive return in 2024, suggesting ongoing volatility in profitability relative to assets.
Overall, the data illustrates a cyclical nature of profitability with periods of significant losses followed by strong recoveries, while the asset base shows sustained growth. The company's efficiency in leveraging its assets to generate profits has varied considerably, with exceptional performance in select years contrasted by notable downturns in others. These trends highlight the importance of external market conditions or internal strategic decisions influencing the company's financial outcomes throughout the period.
Comparison to Competitors
Micron Technology Inc., ROA, long-term trends, comparison to competitors
| Micron Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 29, 2024 | |||||||||||
| Aug 31, 2023 | |||||||||||
| Sep 1, 2022 | |||||||||||
| Sep 2, 2021 | |||||||||||
| Sep 3, 2020 | |||||||||||
| Aug 29, 2019 | |||||||||||
| Aug 30, 2018 | |||||||||||
| Aug 31, 2017 | |||||||||||
| Sep 1, 2016 | |||||||||||
| Sep 3, 2015 | |||||||||||
| Aug 28, 2014 | |||||||||||
| Aug 29, 2013 | |||||||||||
| Aug 30, 2012 | |||||||||||
| Sep 1, 2011 | |||||||||||
| Sep 2, 2010 | |||||||||||
| Sep 3, 2009 | |||||||||||
| Aug 28, 2008 | |||||||||||
| Aug 30, 2007 | |||||||||||
| Aug 31, 2006 | |||||||||||
| Sep 1, 2005 |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Micron Technology Inc., ROA, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Micron Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Aug 29, 2024 | ||
| Aug 31, 2023 | ||
| Sep 1, 2022 | ||
| Sep 2, 2021 | ||
| Sep 3, 2020 | ||
| Aug 29, 2019 | ||
| Aug 30, 2018 | ||
| Aug 31, 2017 | ||
| Sep 1, 2016 | ||
| Sep 3, 2015 | ||
| Aug 28, 2014 | ||
| Aug 29, 2013 | ||
| Aug 30, 2012 | ||
| Sep 1, 2011 | ||
| Sep 2, 2010 | ||
| Sep 3, 2009 | ||
| Aug 28, 2008 | ||
| Aug 30, 2007 | ||
| Aug 31, 2006 | ||
| Sep 1, 2005 |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
Comparison to Industry (Information Technology)
Micron Technology Inc., ROA, long-term trends, comparison to industry (information technology)
| Micron Technology Inc. | Information Technology | |
|---|---|---|
| Aug 29, 2024 | ||
| Aug 31, 2023 | ||
| Sep 1, 2022 | ||
| Sep 2, 2021 | ||
| Sep 3, 2020 | ||
| Aug 29, 2019 | ||
| Aug 30, 2018 | ||
| Aug 31, 2017 | ||
| Sep 1, 2016 | ||
| Sep 3, 2015 | ||
| Aug 28, 2014 | ||
| Aug 29, 2013 | ||
| Aug 30, 2012 | ||
| Sep 1, 2011 | ||
| Sep 2, 2010 | ||
| Sep 3, 2009 | ||
| Aug 28, 2008 | ||
| Aug 30, 2007 | ||
| Aug 31, 2006 | ||
| Sep 1, 2005 |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).