Arista Networks (ANET)

Return on assets (ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	2,087,321	1,900,774	1,709,446	1,516,660	1,352,446	1,164,652	1,034,958	932,747	840,854	784,517	728,587	676,492	634,557	712,291	752,811	797,269	859,867	769,497	729,126	384,606
Total assets	US$ in thousands	9,946,810	9,069,040	8,186,040	7,543,070	6,775,410	6,162,010	5,824,540	6,108,190	5,734,430	5,437,350	5,208,280	4,893,730	4,738,920	4,399,370	4,335,850	4,111,840	4,185,290	3,619,820	3,441,290	3,332,440
ROA		20.98%	20.96%	20.88%	20.11%	19.96%	18.90%	17.77%	15.27%	14.66%	14.43%	13.99%	13.82%	13.39%	16.19%	17.36%	19.39%	20.54%	21.26%	21.19%	11.54%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,087,321K ÷ $9,946,810K
= 20.98%

The return on assets (ROA) of Arista Networks Inc has shown a consistent upward trend over the past eight quarters, indicating an improvement in the company's efficiency in generating profits from its assets. The ROA increased from 15.27% in Q1 2022 to 20.98% in Q4 2023. This upward trend suggests that the company has been able to utilize its assets more effectively to generate profits for its shareholders. Overall, Arista Networks Inc's ROA performance demonstrates a positive trajectory, reflecting the company's ability to generate value from its assets.