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On Semiconductor Corporation  (ON)
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    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology


On Semiconductor's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is On Semiconductor's ROA in the fourth quarter of 2023?
On Semiconductor Corporation achieved a return on average assets (ROA) of 17.7 % in its fourth quarter of 2023, this is above ON's average return on assets of 8.66%.
On Semiconductor Corporations assets during the 12 months ending in the fourth quarter of 2023 are valued at $12 billion

ROA decreased relative to the period ending Sep 29 2023, due to the decline in net income.

However, within the Technology sector 24 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to 162, from total ROA ranking in the third quarter of 2023 at 251.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter
(Sep 29 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change 8.72 % 18.81 % 17.73 % 19.65 % 25.29 %
Y / Y Net Income Change -6.77 % 86.89 % 26.39 % -12.96 % 4.99 %
Net Income (TTM) in million 2,186 2,227 1,956 1,835 1,904
Return On Assets (TTM) 17.7 % 18.41 % 16.87 % 16.49 % 17.89 %
ON's Total Ranking # 162 # 251 # 312 # 359 # 376
Total Assets (TTM) in million 12,617 12,704 12,262 11,804 11,604
Seq. Total Assets Change -0.69 % 3.61 % 3.88 % 1.72 % 8.53 %
Seq. Net Income Change -3.35 % 1.01 % 24.86 % -23.51 % 93.75 %



Return On Assets Company Ranking
Within: No.
Industry # 8
Sector # 25
Overall # 161

Return On Assets Statistics
High Average Low
17.97 %
8.66 %
-0.2 %
(Sep 30 2022)  





Financial Statements
On Semiconductor's Assets $ 12,617 million ON's Balance sheet
On Semiconductor's Income $ 563 million Quarterly ON's Income Statement
ON's Income by Division See ON's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
Y / Y Total Assets Change 8.72 % 25.29 % 12.41 % -2.21 % 11.04 %
Total Assets in million 12,617 11,604 9,262 8,240 8,426
Y / Y Net Income Change 14.8 % 88.27 % 327.75 % 10.52 % -66.04 %
Net Income in million 2,186 1,904 1,011 236 214
Return On Assets 17.32 % 16.41 % 10.92 % 2.87 % 2.54 %




Comment on ON's ROA in the fiscal year ending 2023
In the fiscal year 2023 ROA improved to 17.32 % compared to prior year, due to annual net income growth of 14.8 % to $2,185.60 million, while value of On Semiconductor's overall assets grew just by 8.72 % to $12,616.70 million, compared to $12,616.70 a year before.


More Return On Assets Ratios
ON's' Return on Assets at Yahoo Finance
Semiconductors Industry Return On Assets Trends and Statistics
Technology Sector Roa Statistics
Roa Trends for overall market
ON's Roa Ratio versus Semiconductors Industry, Technology Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for ON's Competitors
Roa for On Semiconductor's Suppliers
Return On Assets for ON's Customers

You may also want to know
ON's Roi ON's Inventory Turnover Ratio ON's Growth Rates ON's Dividend Comparisons
ON's Profitability Ratios ON's Asset Turnover Ratio ON's Dividend Growth
ON's Roe ON's Valuation Ratios ON's Financial Strength Ratios ON's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Technology Sector ROA
Digipath Inc   47.86 %
Verisign Inc  47.54 %
Lattice Semiconductor Corp  32.93 %
Nve Corp  31.60 %
Rambus Inc   29.47 %
Apple Inc   29.39 %
Ubiquiti Inc   27.04 %
Espey Mfg and Electronics Corp   26.83 %
Kaltura Inc   25.13 %
Arista Networks inc   24.03 %
Applied Materials Inc  23.51 %
Texas Instruments Incorporated  22.96 %
Aehr Test Systems  21.59 %
Qualys Inc   20.56 %
Cadence Design Systems Inc   19.44 %
Kla Corporation  19.27 %
Adobe Inc   19.15 %
Alphabet Inc   19.02 %
Meta Platforms Inc   18.68 %
Super Micro Computer Inc   17.90 %
Stmicroelectronics N v   17.27 %
Marathon Digital Holdings Inc   17.26 %
On Semiconductor Corporation  16.96 %
Logitech International S a   16.67 %
Immersion Corporation  16.57 %
Geospace Technologies Corp  16.53 %
Transact Technologies Inc  15.95 %
Fortinet Inc   15.80 %
Qualcomm Inc  15.49 %
Dropbox Inc   15.21 %


Date modified: 2024-02-05T17:25:58+00:00


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