A10 Network (ATEN)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	38,648	53,079	33,388	17,733	-17,094
Total assets	US$ in thousands	389,809	369,105	393,085	290,811	274,053
Operating ROA		9.91%	14.38%	8.49%	6.10%	-6.24%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $38,648K ÷ $389,809K
= 9.91%

Operating ROA measures the company's ability to generate operating income from its assets. A10 Networks Inc's operating ROA has fluctuated over the past five years. In 2023, the operating ROA decreased to 9.91% from 14.38% in 2022, indicating a decline in the company's efficiency in generating operating income from its assets. However, the 2023 figure is still higher compared to the 8.49% reported in 2021 and the negative -5.31% in 2019. This suggests an improvement in the company's operational efficiency over the last two years. Overall, A10 Networks Inc's operating ROA indicates a mixed performance in utilizing its assets to generate operating income over the five-year period.