Arlo Technologies (ARLO)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -24,903 | -46,870 | -59,034 | -62,347 | -56,879 | -41,684 | -42,859 | -57,338 | -60,138 | -68,577 | -70,923 | -75,437 | -104,864 | -67,397 | -80,490 | -84,241 | -85,221 | -146,632 | -128,954 | -111,033 |
| Total assets | US$ in thousands | 285,538 | 297,637 | 269,021 | 257,083 | 272,201 | 331,216 | 299,678 | 311,790 | 347,490 | 333,326 | 330,781 | 347,194 | 413,968 | 388,899 | 389,957 | 410,176 | 542,712 | 426,995 | 415,462 | 480,374 |
| Operating ROA | -8.72% | -15.75% | -21.94% | -24.25% | -20.90% | -12.59% | -14.30% | -18.39% | -17.31% | -20.57% | -21.44% | -21.73% | -25.33% | -17.33% | -20.64% | -20.54% | -15.70% | -34.34% | -31.04% | -23.11% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-24,903K ÷ $285,538K
= -8.72%
Based on the operating return on assets (operating ROA) data provided for Arlo Technologies Inc, we can observe fluctuations in the company's performance over the past eight quarters. The operating ROA numbers indicate the company's ability to generate operating profits from its assets.
The operating ROA deteriorated significantly from Q1 2022 to Q1 2023, declining from -14.95% to -23.58%. This downward trend may suggest operational inefficiencies or challenges faced by the company during this period.
While there was a slight improvement in Q2 2023 compared to the previous quarter, with the operating ROA being -21.31%, the metric still remained in negative territory. This indicates that the company continued to face difficulties in generating operating income relative to its asset base.
Furthermore, the operating ROA figures for Q3 2022 and Q4 2022 (-12.39% and -20.23%, respectively) also show a struggle in effectively utilizing assets to generate profits.
Overall, the consistent negative operating ROA values suggest that Arlo Technologies Inc may be encountering operational issues impacting its profitability and efficiency in generating returns from its assets. Potential factors contributing to these results could include escalating operating expenses, declining revenues, or inefficient asset utilization strategies.
Peer comparison
Dec 31, 2023