Return on Assets (ROA)
since 2005
Calculation
ON Semiconductor Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to ON Semiconductor Corporation1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 16.52% | = | 100 | × | 2,183,700) | ÷ | 13,215,200) |
| Dec 31, 2022 | 15.88% | = | 100 | × | 1,902,200) | ÷ | 11,978,500) |
| Dec 31, 2021 | 10.49% | = | 100 | × | 1,009,600) | ÷ | 9,626,000) |
| Dec 31, 2020 | 2.70% | = | 100 | × | 234,200) | ÷ | 8,668,000) |
| Dec 31, 2019 | 2.51% | = | 100 | × | 211,700) | ÷ | 8,425,500) |
| Dec 31, 2018 | 8.27% | = | 100 | × | 627,400) | ÷ | 7,587,600) |
| Dec 31, 2017 | 11.27% | = | 100 | × | 810,700) | ÷ | 7,195,100) |
| Dec 31, 2016 | 2.63% | = | 100 | × | 182,100) | ÷ | 6,924,400) |
| Dec 31, 2015 | 5.33% | = | 100 | × | 206,200) | ÷ | 3,869,600) |
| Dec 31, 2014 | 4.96% | = | 100 | × | 189,700) | ÷ | 3,823,000) |
| Dec 31, 2013 | 4.63% | = | 100 | × | 150,800) | ÷ | 3,257,000) |
| Dec 31, 2012 | -2.72% | = | 100 | × | (90,600) | ÷ | 3,328,400) |
| Dec 31, 2011 | 0.30% | = | 100 | × | 11,600) | ÷ | 3,883,500) |
| Dec 31, 2010 | 9.95% | = | 100 | × | 290,500) | ÷ | 2,919,200) |
| Dec 31, 2009 | 2.53% | = | 100 | × | 61,000) | ÷ | 2,414,300) |
| Dec 31, 2008 | -16.15% | = | 100 | × | (380,100) | ÷ | 2,354,200) |
| Dec 31, 2007 | 14.79% | = | 100 | × | 242,200) | ÷ | 1,637,600) |
| Dec 31, 2006 | 19.21% | = | 100 | × | 272,100) | ÷ | 1,416,500) |
| Dec 31, 2005 | 8.76% | = | 100 | × | 100,600) | ÷ | 1,148,500) |
Based on: 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 analysis of the annual financial data reveals significant fluctuations in net income attributable to the corporation over the reviewed periods. There is a noticeable decline in net income during 2008, dipping into a substantial loss, followed by recovery and periods of growth, culminating in the highest recorded net income in the latest years of the series. This pattern indicates volatility in profitability, with resilience observed in more recent periods as net income has increased consistently after previous downturns.
Total assets have exhibited an overall upward trend throughout the timeline, with a marked acceleration in growth from around 2015 onwards. This increase in asset base suggests expansion and possibly acquisitions or investments that have enhanced the corporation’s capacity and resources. The asset growth appears steady with no significant contractions, reflecting strategic accumulation or organic growth in asset holdings.
Return on assets (ROA) presents a mixed picture, reflecting the profitability relative to the asset base. The ROA experienced a sharp negative turn in 2008, coinciding with the net income loss, indicating inefficiency or unfavorable market conditions impacting the corporation's ability to generate profits from its assets. Following this downturn, ROA showed a gradual recovery, with fluctuations but an overall upward trajectory, peaking in the last three reported years. This improvement in ROA aligns with the stabilization and growth in net income and suggests that the corporation has become more effective in leveraging its assets to produce earnings.
- Net Income Trends
- Net income experienced volatility with a significant loss in 2008, followed by recovery and growth in subsequent years, reaching peak values in the most recent periods.
- Total Asset Growth
- Total assets increased steadily over the years, particularly accelerating after 2015, indicating expansion and enhanced resource base.
- Return on Assets (ROA)
- ROA showed a drastic decline in 2008, reflecting poor profitability relative to assets, but recovered over time, reaching higher levels in recent years, implying improved efficiency.
- Overall Financial Performance
- The company shows a pattern of recovery and growth following the 2008 financial challenges, with enhanced profitability and asset growth in later years, suggesting strengthened financial health and operational effectiveness.
Comparison to Competitors
ON Semiconductor Corp., ROA, long-term trends, comparison to competitors
| ON Semiconductor Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 16.52% | 1.26% | 6.79% | 22.31% | 19.33% | 0.88% | 24.07% | 24.02% | -9.08% | 10.61% | 14.17% | 20.12% |
| Dec 31, 2022 | 15.88% | 1.95% | 5.46% | 24.41% | 15.69% | 4.40% | 26.37% | 26.78% | 13.11% | 22.07% | 26.39% | 32.16% |
| Dec 31, 2021 | 10.49% | 25.46% | 2.66% | 22.80% | 8.91% | 11.80% | 20.23% | 24.59% | 9.96% | 15.05% | 21.93% | 31.48% |
| Dec 31, 2020 | 2.70% | 27.78% | 5.69% | 16.19% | 3.90% | 13.65% | 13.11% | 15.47% | 5.01% | 16.15% | 14.60% | 28.91% |
| Dec 31, 2019 | 2.51% | 5.66% | 6.37% | 14.22% | 4.04% | 15.42% | 13.05% | 18.26% | 12.91% | 31.15% | 13.31% | 27.84% |
| Dec 31, 2018 | 8.27% | 7.40% | 7.31% | 18.64% | 24.46% | 16.45% | 14.28% | 19.08% | 32.59% | 27.11% | -14.88% | 32.56% |
| Dec 31, 2017 | 11.27% | 1.21% | 3.44% | 17.68% | 3.11% | 7.79% | 16.74% | 14.00% | 14.40% | 16.93% | 3.77% | 20.87% |
| Dec 31, 2016 | 2.63% | -14.97% | 10.81% | 11.80% | -3.48% | 9.10% | 14.20% | 7.45% | -1.00% | 8.33% | 10.90% | 21.88% |
| Dec 31, 2015 | 5.33% | -21.23% | 9.87% | 9.00% | 12.88% | 11.08% | 7.59% | 7.00% | 12.01% | 8.76% | 10.38% | 18.40% |
| Dec 31, 2014 | 4.96% | -10.70% | 9.17% | 8.14% | 2.51% | 12.73% | 10.52% | 7.91% | 13.53% | 6.07% | 16.40% | 15.92% |
| Dec 31, 2013 | 4.63% | -1.91% | 10.55% | 2.13% | 16.16% | 10.42% | 10.27% | 1.57% | 6.22% | 8.77% | 15.06% | 11.42% |
| Dec 31, 2012 | -2.72% | -29.58% | 11.59% | 0.90% | 19.67% | 13.05% | 14.82% | 2.11% | -7.20% | 10.46% | 14.20% | 8.79% |
| Dec 31, 2011 | 0.30% | 9.91% | 16.44% | 13.90% | 22.57% | 18.20% | 16.99% | 17.84% | 1.13% | 5.63% | 11.70% | 10.91% |
| Dec 31, 2010 | 9.95% | 9.49% | 16.45% | 8.57% | 19.24% | 18.14% | 5.43% | 13.94% | 12.59% | -1.90% | 10.62% | 24.09% |
| Dec 31, 2009 | 2.53% | 3.35% | 7.28% | -3.19% | -2.23% | 8.23% | -14.50% | -15.48% | -16.02% | -0.90% | 5.80% | 12.13% |
| Dec 31, 2008 | -16.15% | -40.36% | 25.44% | 8.73% | — | 10.43% | 7.41% | 15.65% | -12.06% | 21.28% | 12.86% | 16.10% |
| Dec 31, 2007 | 14.79% | -29.26% | 16.72% | 16.05% | — | 12.54% | 11.42% | 32.63% | -2.16% | 16.78% | 17.86% | 20.98% |
| Dec 31, 2006 | 19.21% | -1.26% | 13.78% | 16.00% | — | 10.43% | 8.31% | 14.51% | 3.34% | 15.80% | 16.24% | 31.16% |
| Dec 31, 2005 | 8.76% | 2.27% | 9.05% | 10.74% | — | 17.93% | 11.71% | 20.66% | 2.35% | 6.16% | 17.17% | 15.43% |
Based on: 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)
ON Semiconductor Corp., ROA, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| ON Semiconductor Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2023 | 16.52% | 7.41% |
| Dec 31, 2022 | 15.88% | 12.68% |
| Dec 31, 2021 | 10.49% | 13.62% |
| Dec 31, 2020 | 2.70% | 11.80% |
| Dec 31, 2019 | 2.51% | 13.37% |
| Dec 31, 2018 | 8.27% | 17.34% |
| Dec 31, 2017 | 11.27% | 8.44% |
| Dec 31, 2016 | 2.63% | 7.07% |
| Dec 31, 2015 | 5.33% | 10.73% |
| Dec 31, 2014 | 4.96% | 12.19% |
| Dec 31, 2013 | 4.63% | 10.15% |
| Dec 31, 2012 | -2.72% | 9.51% |
| Dec 31, 2011 | 0.30% | 13.81% |
| Dec 31, 2010 | 9.95% | 14.79% |
| Dec 31, 2009 | 2.53% | 3.61% |
| Dec 31, 2008 | -16.15% | 6.72% |
| Dec 31, 2007 | 14.79% | 9.62% |
| Dec 31, 2006 | 19.21% | 12.13% |
| Dec 31, 2005 | 8.76% | 14.01% |
Based on: 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)
ON Semiconductor Corp., ROA, long-term trends, comparison to industry (information technology)
| ON Semiconductor Corp. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 16.52% | 12.52% |
| Dec 31, 2022 | 15.88% | 14.57% |
| Dec 31, 2021 | 10.49% | 14.67% |
| Dec 31, 2020 | 2.70% | 11.45% |
| Dec 31, 2019 | 2.51% | 11.78% |
| Dec 31, 2018 | 8.27% | 10.94% |
| Dec 31, 2017 | 11.27% | 9.05% |
| Dec 31, 2016 | 2.63% | 9.79% |
| Dec 31, 2015 | 5.33% | 11.53% |
| Dec 31, 2014 | 4.96% | 12.36% |
| Dec 31, 2013 | 4.63% | 13.26% |
| Dec 31, 2012 | -2.72% | 14.08% |
| Dec 31, 2011 | 0.30% | 15.10% |
| Dec 31, 2010 | 9.95% | 14.50% |
| Dec 31, 2009 | 2.53% | 10.08% |
| Dec 31, 2008 | -16.15% | 11.99% |
| Dec 31, 2007 | 14.79% | 12.03% |
| Dec 31, 2006 | 19.21% | 12.21% |
| Dec 31, 2005 | 8.76% | 12.76% |
Based on: 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).