Return on Assets (ROA)
since 2005
Calculation
Monolithic Power Systems Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 49.40% | = | 100 | × | 1,786,700) | ÷ | 3,617,097) |
| Dec 31, 2023 | 17.56% | = | 100 | × | 427,374) | ÷ | 2,434,353) |
| Dec 31, 2022 | 21.26% | = | 100 | × | 437,672) | ÷ | 2,058,885) |
| Dec 31, 2021 | 15.26% | = | 100 | × | 242,023) | ÷ | 1,585,825) |
| Dec 31, 2020 | 13.60% | = | 100 | × | 164,375) | ÷ | 1,208,491) |
| Dec 31, 2019 | 11.38% | = | 100 | × | 108,839) | ÷ | 956,375) |
| Dec 31, 2018 | 13.27% | = | 100 | × | 105,268) | ÷ | 793,432) |
| Dec 31, 2017 | 9.99% | = | 100 | × | 65,203) | ÷ | 652,569) |
| Dec 31, 2016 | 10.31% | = | 100 | × | 52,720) | ÷ | 511,126) |
| Dec 31, 2015 | 8.16% | = | 100 | × | 35,172) | ÷ | 431,285) |
| Dec 31, 2014 | 8.89% | = | 100 | × | 35,495) | ÷ | 399,366) |
| Dec 31, 2013 | 6.21% | = | 100 | × | 22,898) | ÷ | 368,908) |
| Dec 31, 2012 | 5.49% | = | 100 | × | 15,756) | ÷ | 287,162) |
| Dec 31, 2011 | 4.86% | = | 100 | × | 13,301) | ÷ | 273,867) |
| Dec 31, 2010 | 10.50% | = | 100 | × | 29,563) | ÷ | 281,603) |
| Dec 31, 2009 | 8.14% | = | 100 | × | 19,674) | ÷ | 241,821) |
| Dec 31, 2008 | 12.40% | = | 100 | × | 24,226) | ÷ | 195,299) |
| Dec 31, 2007 | 6.71% | = | 100 | × | 11,580) | ÷ | 172,590) |
| Dec 31, 2006 | -2.44% | = | 100 | × | (2,863) | ÷ | 117,327) |
| Dec 31, 2005 | 5.07% | = | 100 | × | 5,107) | ÷ | 100,775) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial performance from 2005 to 2024 demonstrates a long-term trajectory of expanding profitability and increasing asset efficiency. While the early period was characterized by volatility, the later years show a significant acceleration in the company's ability to generate earnings from its asset base.
- Profitability and Asset Growth Trends
- Net income experienced a period of initial instability, including a loss in 2006, before entering a sustained growth phase. Between 2007 and 2022, net income grew from approximately 11.6 million to 437.7 million. A substantial surge occurred in 2024, where net income reached 1.786 billion. Concurrently, total assets expanded from 100.8 million in 2005 to 3.617 billion in 2024, indicating a consistent scaling of the operational infrastructure.
- Return on Assets (ROA) Analysis
- The ROA exhibited three distinct phases. The first phase (2005–2016) was marked by fluctuation, with values ranging from a low of -2.44% in 2006 to a high of 12.40% in 2008, suggesting inconsistent efficiency during the early growth stages. The second phase (2017–2023) showed a steady upward trend, with ROA climbing from 9.99% to a peak of 21.26% in 2022, followed by a slight moderation to 17.56% in 2023. This period indicates that income growth began to outpace asset accumulation.
- Recent Efficiency Surge
- A dramatic shift in asset productivity is observed in 2024, where the ROA spiked to 49.40%. This increase is driven by the disproportionate growth of net income relative to the growth in total assets, signaling a peak in operational leverage and capital efficiency.
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Comparison to Competitors
Monolithic Power Systems Inc., ROA, long-term trends, comparison to competitors
| Monolithic Power Systems Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 49.40% | 2.37% | 3.39% | 20.86% | 3.56% | -9.55% | 17.90% | 20.42% | -4.40% | 1.12% | 45.28% | 18.39% | 13.51% |
| Dec 31, 2023 | 17.56% | 1.26% | 6.79% | 22.31% | 19.33% | 0.88% | 24.07% | 24.02% | -0.73% | -9.08% | 10.61% | 14.17% | 20.12% |
| Dec 31, 2022 | 21.26% | 1.95% | 5.46% | 24.41% | 15.69% | 4.40% | 26.37% | 26.78% | -1.90% | 13.11% | 22.07% | 26.39% | 32.16% |
| Dec 31, 2021 | 15.26% | 25.46% | 2.66% | 22.80% | 8.91% | 11.80% | 20.23% | 24.59% | -2.58% | 9.96% | 15.05% | 21.93% | 31.48% |
| Dec 31, 2020 | 13.60% | 27.78% | 5.69% | 16.19% | 3.90% | 13.65% | 13.11% | 15.47% | 14.23% | 5.01% | 16.15% | 14.60% | 28.91% |
| Dec 31, 2019 | 11.38% | 5.66% | 6.37% | 14.22% | 4.04% | 15.42% | 13.05% | 18.26% | -1.79% | 12.91% | 31.15% | 13.31% | 27.84% |
| Dec 31, 2018 | 13.27% | 7.40% | 7.31% | 18.64% | 24.46% | 16.45% | 14.28% | 19.08% | 11.06% | 32.59% | 27.11% | -14.88% | 32.56% |
| Dec 31, 2017 | 9.99% | 1.21% | 3.44% | 17.68% | 3.11% | 7.79% | 16.74% | 14.00% | 0.45% | 14.40% | 16.93% | 3.77% | 20.87% |
| Dec 31, 2016 | 10.31% | -14.97% | 10.81% | 11.80% | -3.48% | 9.10% | 14.20% | 7.45% | -14.91% | -1.00% | 8.33% | 10.90% | 21.88% |
| Dec 31, 2015 | 8.16% | -21.23% | 9.87% | 9.00% | 12.88% | 11.08% | 7.59% | 7.00% | 7.40% | 12.01% | 8.76% | 10.38% | 18.40% |
| Dec 31, 2014 | 8.89% | -10.70% | 9.17% | 8.14% | 2.51% | 12.73% | 10.52% | 7.91% | 5.78% | 13.53% | 6.07% | 16.40% | 15.92% |
| Dec 31, 2013 | 6.21% | -1.91% | 10.55% | 2.13% | 16.16% | 10.42% | 10.27% | 1.57% | 5.83% | 6.22% | 8.77% | 15.06% | 11.42% |
| Dec 31, 2012 | 5.49% | -29.58% | 11.59% | 0.90% | 19.67% | 13.05% | 14.82% | 2.11% | 10.66% | -7.20% | 10.46% | 14.20% | 8.79% |
| Dec 31, 2011 | 4.86% | 9.91% | 16.44% | 13.90% | 22.57% | 18.20% | 16.99% | 17.84% | 14.26% | 1.13% | 5.63% | 11.70% | 10.91% |
| Dec 31, 2010 | 10.50% | 9.49% | 16.45% | 8.57% | 19.24% | 18.14% | 5.43% | 13.94% | 6.84% | 12.59% | -1.90% | 10.62% | 24.09% |
| Dec 31, 2009 | 8.14% | 3.35% | 7.28% | -3.19% | -2.23% | 8.23% | -14.50% | -15.48% | 3.34% | -16.02% | -0.90% | 5.80% | 12.13% |
| Dec 31, 2008 | 12.40% | -40.36% | 25.44% | 8.73% | — | 10.43% | 7.41% | 15.65% | -2.51% | -12.06% | 21.28% | 12.86% | 16.10% |
| Dec 31, 2007 | 6.71% | -29.26% | 16.72% | 16.05% | — | 12.54% | 11.42% | 32.63% | -0.27% | -2.16% | 16.78% | 17.86% | 20.98% |
| Dec 31, 2006 | -2.44% | -1.26% | 13.78% | 16.00% | — | 10.43% | 8.31% | 14.51% | 9.43% | 3.34% | 15.80% | 16.24% | 31.16% |
| Dec 31, 2005 | 5.07% | 2.27% | 9.05% | 10.74% | — | 17.93% | 11.71% | 20.66% | 5.08% | 2.35% | 6.16% | 17.17% | 15.43% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Monolithic Power Systems Inc., ROA, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Monolithic Power Systems Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2024 | 49.40% | 6.13% |
| Dec 31, 2023 | 17.56% | 7.13% |
| Dec 31, 2022 | 21.26% | 12.17% |
| Dec 31, 2021 | 15.26% | 13.29% |
| Dec 31, 2020 | 13.60% | 11.86% |
| Dec 31, 2019 | 11.38% | 12.98% |
| Dec 31, 2018 | 13.27% | 17.25% |
| Dec 31, 2017 | 9.99% | 8.34% |
| Dec 31, 2016 | 10.31% | 6.69% |
| Dec 31, 2015 | 8.16% | 10.65% |
| Dec 31, 2014 | 8.89% | 12.05% |
| Dec 31, 2013 | 6.21% | 10.05% |
| Dec 31, 2012 | 5.49% | 9.54% |
| Dec 31, 2011 | 4.86% | 13.83% |
| Dec 31, 2010 | 10.50% | 14.54% |
| Dec 31, 2009 | 8.14% | 3.60% |
| Dec 31, 2008 | 12.40% | 6.42% |
| Dec 31, 2007 | 6.71% | 9.30% |
| Dec 31, 2006 | -2.44% | 12.06% |
| Dec 31, 2005 | 5.07% | 13.79% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Monolithic Power Systems Inc., ROA, long-term trends, comparison to industry (information technology)
| Monolithic Power Systems Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2024 | 49.40% | 11.80% |
| Dec 31, 2023 | 17.56% | 12.34% |
| Dec 31, 2022 | 21.26% | 14.33% |
| Dec 31, 2021 | 15.26% | 14.52% |
| Dec 31, 2020 | 13.60% | 11.46% |
| Dec 31, 2019 | 11.38% | 11.67% |
| Dec 31, 2018 | 13.27% | 10.94% |
| Dec 31, 2017 | 9.99% | 9.00% |
| Dec 31, 2016 | 10.31% | 9.68% |
| Dec 31, 2015 | 8.16% | 11.51% |
| Dec 31, 2014 | 8.89% | 12.33% |
| Dec 31, 2013 | 6.21% | 13.22% |
| Dec 31, 2012 | 5.49% | 14.06% |
| Dec 31, 2011 | 4.86% | 15.11% |
| Dec 31, 2010 | 10.50% | 14.45% |
| Dec 31, 2009 | 8.14% | 10.04% |
| Dec 31, 2008 | 12.40% | 11.87% |
| Dec 31, 2007 | 6.71% | 11.93% |
| Dec 31, 2006 | -2.44% | 12.20% |
| Dec 31, 2005 | 5.07% | 12.71% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).