Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Income Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Enterprise Value (EV)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
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Profitability Ratios (Summary)
ON Semiconductor Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-10-02), 10-Q (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03).
- Gross Profit Margin
- The gross profit margin exhibited an overall increasing trend over the analyzed periods. Starting at 34.43% in early April 2020, a slight decline occurred into the second and third quarters of 2020, reaching a low near 32.65%. From early 2021 onwards, there was a steady and notable improvement, peaking at 48.97% by the end of 2022. The margin slightly decreased in 2023, settling around 46.83% by the first quarter of 2024. This pattern suggests improved cost management or pricing power over time, with margins stabilizing at a higher level in the most recent periods.
- Operating Profit Margin
- The operating profit margin showed a clear upward trajectory throughout the period. Initial values in early 2020 were modest, at just over 5%, dipping briefly before recovering and increasing steadily from 8.35% in early 2021 to a peak exceeding 31.55% in late 2023. The margin slightly contracted towards the end of the period but remained robust above 30%. This consistent margin expansion indicates enhanced operational efficiency and scaling benefits contributing to profitability improvements.
- Net Profit Margin
- The net profit margin mirrored the positive trend observed in operating margins, starting near 1.55% and briefly turning negative in the second quarter of 2020. It then progressively increased each quarter, notably surpassing 20% from early 2022 onwards and reaching a high point just under 27% by late 2023. The margin held steady around 26-27% in early 2024, reflecting improved bottom-line profitability and effective cost control.
- Return on Equity (ROE)
- Return on equity followed a similar upward pattern, with an initial dip into negative territory in mid-2020 (-0.61%) followed by continuous growth. By early 2021, ROE rose above 9%, ultimately peaking near 31.94% at mid-2022. Slight fluctuations occurred after the peak, but the ratio remained high, maintaining levels between 26% and 29% through the first quarter of 2024. This indicates increased value generation for shareholders and an efficient use of equity capital over time.
- Return on Assets (ROA)
- The return on assets demonstrated a generally consistent improvement from below 1% at the beginning of the period to levels around 16% towards the conclusion of the timeline. After a negative value in the second quarter of 2020 (-0.21%), the metric steadily increased, peaking at about 16.76% in late 2023 and slightly declining thereafter to 16.13%. This trend signals enhanced asset utilization and profitability on the company’s asset base.
Return on Sales
Return on Investment
Gross Profit Margin
ON Semiconductor Corp., gross profit margin calculation (quarterly data)
| Mar 29, 2024 | Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Oct 2, 2020 | Jul 3, 2020 | Apr 3, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||
| Gross profit | |||||||||||||||||||||||
| Revenue | |||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||
| Gross profit margin1 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | |||||||||||||||||||||||
| 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. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-10-02), 10-Q (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03).
1 Q1 2024 Calculation
Gross profit margin = 100
× (Gross profitQ1 2024
+ Gross profitQ4 2023
+ Gross profitQ3 2023
+ Gross profitQ2 2023)
÷ (RevenueQ1 2024
+ RevenueQ4 2023
+ RevenueQ3 2023
+ RevenueQ2 2023)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Revenue Trends
- The revenue exhibits an overall upward trajectory from the beginning of the measured period through late 2022, increasing from approximately 1.28 billion US dollars to a peak near 2.19 billion US dollars. Following this peak, there is a noticeable decline during 2023 and into early 2024, where revenue falls back to approximately 1.86 billion US dollars. This suggests a strong growth phase extending over multiple quarters, transitioning into a period of contraction or reduced sales volume in recent quarters.
- Gross Profit Trends
- Gross profit follows a generally positive trend that correlates with revenue growth, rising from about 403 million US dollars to over 1 billion US dollars by the end of 2022. Similar to revenue, gross profit peaks near the end of 2022 and subsequently decreases throughout 2023 and early 2024, dropping from approximately 1.02 billion to around 854 million US dollars. This pattern indicates that the company’s gross earnings expanded significantly before encountering downward pressure in the most recent periods.
- Gross Profit Margin Analysis
- The gross profit margin shows a consistent improvement over the observed period. Starting at roughly 34.4% in early 2020, the margin progressively increases, reaching nearly 49% by the end of 2022. Despite fluctuations in absolute gross profit figures, the margin remains relatively stable above 46% in 2023 and early 2024, suggesting effective cost management or improved pricing strategies that maintain profitability levels even as revenues decline.
- Overall Financial Insights
- The data reflects a period of strong growth in revenue and profitability through the end of 2022, accompanied by a marked increase in gross margin, indicating enhanced operational efficiency or favorable market conditions. However, the subsequent decline in revenue and gross profit starting in 2023 may point to challenges such as market saturation, increased competition, supply chain issues, or broader economic factors impacting demand. The maintained gross profit margin above 46% during this decline implies resilience in cost control and profitability despite reduced sales volumes. Continuous monitoring is warranted to assess whether the recent downward trend in revenue and profits represents a temporary correction or a longer-term shift in the company's financial performance.
Operating Profit Margin
ON Semiconductor Corp., operating profit margin calculation (quarterly data)
| Mar 29, 2024 | Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Oct 2, 2020 | Jul 3, 2020 | Apr 3, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||
| Operating income (loss) | |||||||||||||||||||||||
| Revenue | |||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||
| Operating profit margin1 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||||
| 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. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-10-02), 10-Q (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03).
1 Q1 2024 Calculation
Operating profit margin = 100
× (Operating income (loss)Q1 2024
+ Operating income (loss)Q4 2023
+ Operating income (loss)Q3 2023
+ Operating income (loss)Q2 2023)
÷ (RevenueQ1 2024
+ RevenueQ4 2023
+ RevenueQ3 2023
+ RevenueQ2 2023)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Revenue
- The revenue exhibits an overall upward trend from April 2020 through September 2022, increasing from approximately $1.28 billion to over $2.19 billion. This represents a substantial growth phase over this period. However, starting in the fourth quarter of 2022, revenue begins to decline, dropping from $2.10 billion to $1.86 billion by March 2024. This recent downward trend could indicate challenges affecting sales or market demand.
- Operating Income (Loss)
- Operating income shows a consistent and significant increase from $18.6 million in April 2020 to a peak of $704.3 million in December 2022. Despite some fluctuations, operating income remains relatively strong through most of 2022, followed by a decline in subsequent quarters, falling to $525.2 million by March 2024. This reduction parallels the declining revenue pattern observed in the same period.
- Operating Profit Margin
- The operating profit margin starts at a modest 5% in early 2020 and demonstrates steady improvement through 2021 and most of 2022, reaching a peak of 31.55% in September 2023. Margins consistently remain above 25% from April 2022 onwards, indicating enhanced efficiency or favorable cost management. Although there is a slight decrease after the peak, margins remain strong, stabilizing just above 30% by March 2024.
- Summary and Insights
- The period analyzed reflects a phase of growth in both revenue and operating income up to late 2022, coupled with improving operating margins that suggest increasing profitability and operational efficiency. Following this peak, both revenue and operating income decline, while profit margins remain relatively strong, above 30%, implying that although sales dropped, cost control or pricing strategies were effective in maintaining profitability. These patterns signal a potential shift in market conditions or internal factors affecting top-line performance after robust growth, warranting further investigation into causative factors and strategic responses.
Net Profit Margin
ON Semiconductor Corp., net profit margin calculation (quarterly data)
| Mar 29, 2024 | Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Oct 2, 2020 | Jul 3, 2020 | Apr 3, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||
| Net income (loss) attributable to ON Semiconductor Corporation | |||||||||||||||||||||||
| Revenue | |||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||
| Net profit margin1 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||||
| 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. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-10-02), 10-Q (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03).
1 Q1 2024 Calculation
Net profit margin = 100
× (Net income (loss) attributable to ON Semiconductor CorporationQ1 2024
+ Net income (loss) attributable to ON Semiconductor CorporationQ4 2023
+ Net income (loss) attributable to ON Semiconductor CorporationQ3 2023
+ Net income (loss) attributable to ON Semiconductor CorporationQ2 2023)
÷ (RevenueQ1 2024
+ RevenueQ4 2023
+ RevenueQ3 2023
+ RevenueQ2 2023)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Revenue Trends
- Revenue demonstrated a generally upward trajectory from April 2020 through September 2022, increasing from approximately 1.28 billion to a peak of about 2.19 billion US dollars. After this peak, revenue declined gradually through March 2024, reaching around 1.86 billion US dollars. This pattern suggests an expansion phase followed by a contraction or stabilization period in recent quarters.
- Net Income (Loss) Trends
- Net income attributable to the company showed significant variability. Initially reported losses in early 2020 improved to a positive and increasing net income starting in the third quarter of 2020. The net income steadily increased, reaching a peak in December 2022 at over 600 million US dollars. Following this, fluctuations occurred with a general decline in net income, settling near 453 million US dollars by March 2024. The data indicate strong profitability gains with some recent softness.
- Net Profit Margin Trends
- The net profit margin improved markedly during the period analyzed. From a low negative margin early in 2020, it consistently rose, reaching above 20% by April 2022 and maintaining levels above 20% through March 2024, peaking near 27% in late 2023. This reflects enhanced operational efficiency or favorable cost-revenue dynamics over time.
- Overall Financial Performance Insights
- The company experienced substantial performance improvement from mid-2020 onwards, characterized by rising revenues and net income. The profit margin expansion suggests effective cost control or improved pricing. However, the recent decline in revenue and net income after late 2022 signals possible market or operational challenges that might require attention. Despite this, profitability ratios remain strong, indicating resilience in earnings quality.
Return on Equity (ROE)
ON Semiconductor Corp., ROE calculation (quarterly data)
| Mar 29, 2024 | Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Oct 2, 2020 | Jul 3, 2020 | Apr 3, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||
| Net income (loss) attributable to ON Semiconductor Corporation | |||||||||||||||||||||||
| Total ON Semiconductor Corporation stockholders’ equity | |||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||
| ROE1 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||||
| 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. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-10-02), 10-Q (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03).
1 Q1 2024 Calculation
ROE = 100
× (Net income (loss) attributable to ON Semiconductor CorporationQ1 2024
+ Net income (loss) attributable to ON Semiconductor CorporationQ4 2023
+ Net income (loss) attributable to ON Semiconductor CorporationQ3 2023
+ Net income (loss) attributable to ON Semiconductor CorporationQ2 2023)
÷ Total ON Semiconductor Corporation stockholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Income Trends
- The net income attributable to the company exhibits significant volatility followed by a general upward trajectory over the analyzed periods. Initially, the company faced negative net income figures, with losses recorded at -14 million and -1.4 million USD in early 2020. From October 2020 onward, the company transitioned to consistent profitability, demonstrating a strong growth trend in net income. By March 29, 2024, net income reached a peak above 450 million USD, although some fluctuations were observed in the intermediate quarters. The data highlights substantial earnings growth particularly from 2021 through 2023, indicating improving operational performance.
- Stockholders’ Equity Development
- The total stockholders’ equity shows a steady and continuous increase over the entire timeframe. Starting at approximately 3.2 billion USD in April 2020, it consistently rises each quarter without any declines, ending at over 8.1 billion USD by the end of March 2024. This upward trend suggests successful capital retention and accumulation, likely driven by retained earnings, additional equity issuances, or asset growth. The steady growth of equity supports the company's expanding financial base and enhances its capacity for future investment and operations.
- Return on Equity (ROE) Analysis
- The return on equity metric displays a marked improvement during the period analyzed. Initially negative or modestly low in early 2020, ROE began to increase significantly from mid-2020 onwards. It reached a high point exceeding 30% in late 2022 and early 2023, indicating strong profitability relative to shareholders' equity. Although there is a slight decline in ROE during the most recent quarters, it remains robust above 25%. This signifies that the company has efficiently utilized its equity base to generate profits, reflecting enhanced operational effectiveness and financial performance.
- Overall Financial Performance Insights
- Across the examined quarters, the company has demonstrated a notable turnaround from initial losses to sustained profitability. The growth in net income alongside the steady increase in stockholders’ equity and high returns on equity point to both improved earnings generation and effective capital management. Despite some short-term fluctuations in quarterly net income and ROE, the longer-term trend reflects a strengthening financial position and efficient use of equity capital. This suggests an overall progressive trajectory in financial health and shareholder value creation from 2020 through early 2024.
Return on Assets (ROA)
ON Semiconductor Corp., ROA calculation (quarterly data)
| Mar 29, 2024 | Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Oct 2, 2020 | Jul 3, 2020 | Apr 3, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||
| Net income (loss) attributable to ON Semiconductor Corporation | |||||||||||||||||||||||
| Total assets | |||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||
| ROA1 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||||
| 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. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-10-02), 10-Q (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03).
1 Q1 2024 Calculation
ROA = 100
× (Net income (loss) attributable to ON Semiconductor CorporationQ1 2024
+ Net income (loss) attributable to ON Semiconductor CorporationQ4 2023
+ Net income (loss) attributable to ON Semiconductor CorporationQ3 2023
+ Net income (loss) attributable to ON Semiconductor CorporationQ2 2023)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Income Trend
- The net income attributable to the company shows a clear upward trajectory over the analyzed quarters. Starting from a net loss of approximately $14 million in early 2020, the company transitions to positive net income by the third quarter of 2020. Subsequently, there is consistent growth with occasional moderate fluctuations. Peak net income is observed in the fourth quarter of 2022, reaching over $600 million, followed by a slight decline but maintaining a high level above $450 million through early 2024.
- Total Assets Movement
- Total assets demonstrate a general increasing trend throughout the period. Initial levels near $9.4 billion in early 2020 slightly dip through late 2020 but then steadily rise from early 2021 onward. By the first quarter of 2024, total assets have grown to approximately $13.5 billion, indicating expansion in the company’s asset base over the longer term.
- Return on Assets (ROA) Development
- ROA presents a significant improvement across the time frame. Starting under 1% and turning negative briefly in mid-2020, it climbs steadily to exceed 10% by the end of 2021. The upward slope continues, reaching above 16% in most recent quarters of 2023 and early 2024. This suggests enhanced efficiency in utilizing assets to generate earnings over time.
- Overall Analysis
- The company exhibits strong financial progress characterized by rising profitability, expanding asset base, and improving asset utilization efficiency. The significant increase in net income alongside consistent asset growth suggests effective operational execution and favorable market conditions. The marked improvement in ROA underscores improved management performance in generating returns from the available assets. Recent quarters indicate some stabilization or slight moderation in net income levels, but profitability remains robust.