A10 Network (ATEN)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	58,581	46,749	45,738	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
Total stockholders’ equity	US$ in thousands	231,829	217,270	214,309	207,876	196,922	192,938	185,501	181,012	160,734	194,759	185,977	208,888	203,595	124,505	124,659	115,974	121,701	110,860	113,252	108,787
ROE		25.27%	21.52%	21.34%	19.23%	20.35%	23.70%	24.00%	25.91%	24.64%	52.57%	53.01%	45.42%	45.19%	18.94%	16.66%	15.36%	8.24%	3.37%	-5.16%	-16.38%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $58,581K ÷ $231,829K
= 25.27%

1. A10 Networks' Return on Equity (ROE) shows a fluctuating trend over the periods from December 31, 2019, to December 31, 2024.

2. The ROE was negative at the end of December 2019 and March 2020, indicating that the company was not generating returns for its shareholders relative to their equity investment during these periods.

3. Subsequently, the ROE improved, turning positive by June 2020. The positive ROE trend continued to increase steadily, reaching its peak at 53.01% by March 31, 2022.

4. The company's performance peaked in terms of ROE in the first quarter of 2022, reflecting efficient utilization of shareholder equity to generate profits.

5. However, the ROE started to decline after March 2022 but remained relatively high compared to the initial negative values seen in the earlier periods.

6. As of December 31, 2024, the ROE stood at 25.27%, indicating that the company was still providing good returns to its shareholders relative to their equity investment.

7. Overall, the trend in ROE suggests that A10 Networks managed to effectively leverage shareholder equity to generate profits and create value for its investors over the analyzed period.