A10 Network (ATEN)

Return on assets (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
Net income (ttm)	US$ in thousands	39,970	40,083	45,727	44,517	46,908	39,606	102,379	98,579	94,887	92,000	23,578	20,770	17,816	10,026	3,735	-5,844	-17,819	-19,478	-21,458	-20,219
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
ROA		10.25%	10.61%	12.42%	12.46%	12.71%	11.23%	26.62%	27.25%	24.14%	24.57%	7.96%	7.12%	6.13%	3.53%	1.37%	-2.16%	-6.50%	-8.51%	-9.46%	-8.72%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $39,970K ÷ $389,809K
= 10.25%

To analyze A10 Networks Inc's return on assets (ROA) based on the provided quarterly data, we can observe that the company's ROA has displayed some variability over the period outlined.

The ROA ranged from 10.25% to 27.25% throughout the last eight quarters. It peaked at 27.25% in Q1 2022 and hit a low of 10.25% in Q4 2023. This fluctuation may indicate changes in the company's profitability and efficiency in generating profits from its assets.

On average, A10 Networks Inc's ROA over the period was 15.02%. A higher ROA signifies better asset utilization and profitability. The company's ROA generally remained above 10% throughout the period, indicating that it has been efficiently using its assets to generate profits.

It is advisable for stakeholders to further investigate the factors influencing the fluctuations in ROA to assess the company's operational performance and financial health accurately.