A10 Network (ATEN)

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	38,648	36,908	50,367	51,244	53,079	48,658	43,293	37,366	33,388	29,329	25,267	21,966	17,733	10,025	4,003	-6,336	-17,094	-19,595	-21,382	-18,650
Total assets	US$ in thousands	389,809	377,842	368,232	357,285	369,105	352,661	384,565	361,747	393,085	374,445	296,138	291,580	290,811	284,097	272,608	270,057	274,053	228,947	226,812	231,977
Operating ROA		9.91%	9.77%	13.68%	14.34%	14.38%	13.80%	11.26%	10.33%	8.49%	7.83%	8.53%	7.53%	6.10%	3.53%	1.47%	-2.35%	-6.24%	-8.56%	-9.43%	-8.04%

December 31, 2023 calculation

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

A10 Networks Inc's operating return on assets (operating ROA) has exhibited some fluctuation over the past eight quarters. The operating ROA ranged from a low of 9.77% in Q3 2023 to a high of 14.38% in Q4 2022. Notably, there was a significant decline in Q2 2023 compared to the previous quarter, dropping from 14.34% to 13.68%. However, the operating ROA rebounded in the subsequent quarter, reaching 9.91% in Q4 2023.

Overall, A10 Networks Inc's operating ROA has shown a somewhat volatile pattern during the analyzed period. It is essential for stakeholders to closely monitor this metric to assess the company's efficiency in generating operating profits relative to its total assets.