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?