A10 Network (ATEN)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	43,968	38,648	53,079	33,388	17,733
Total assets	US$ in thousands	432,815	389,809	369,105	393,085	290,811
Operating ROA		10.16%	9.91%	14.38%	8.49%	6.10%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $43,968K ÷ $432,815K
= 10.16%

The operating return on assets (operating ROA) for A10 Network has demonstrated a positive trend over the five-year period from December 31, 2020, to December 31, 2024. The operating ROA increased from 6.10% in 2020 to 10.16% in 2024, indicating an improvement in the company's ability to generate operating profits relative to its total assets.

The operating ROA peaked at 14.38% in 2022, reflecting a significant efficiency in utilizing assets to generate operating income. However, there was a slight decline in the operating ROA in 2023 to 9.91%, which could be attributed to changes in operating expenses or fluctuations in revenue during that year.

Overall, the increasing trend in operating ROA suggests that A10 Network has been effectively managing its assets to enhance operational performance and profitability during the period under review. This improvement in operating ROA indicates the company's ability to generate higher returns from its asset base, which is a positive indicator of its operational efficiency and profitability.