A10 Network (ATEN)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	54,058	37,871	39,694	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
Total assets	US$ in thousands	432,815	407,747	395,658	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
Operating ROA		12.49%	9.29%	10.03%	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%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $54,058K ÷ $432,815K
= 12.49%

The operating return on assets (operating ROA) of A10 Network has shown a fluctuating trend over the reported period. Starting at a negative value of -6.24% as of December 31, 2019, the operating ROA improved gradually, turning positive by June 30, 2020, at 1.47%. The upward trend continued, reaching 14.38% by December 31, 2022, indicating a significant increase in operating efficiency and profitability.

However, there was a slight decline in operating ROA in the subsequent quarters, with values ranging between 9.29% to 10.03% up to December 31, 2024. Despite these fluctuations, the operating ROA remained relatively healthy, demonstrating the company's ability to generate operating income relative to its total assets.

The gradual improvement in the operating ROA signifies that A10 Network has effectively utilized its assets to generate earnings over time. It is essential for the company to maintain this positive trend to ensure sustainable profitability and operational efficiency in the long run.