Calix Inc (CALX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -43,034 | 25,585 | 52,610 | 73,938 | 36,846 |
| Total assets | US$ in thousands | 939,267 | 941,865 | 884,835 | 742,032 | 427,352 |
| Operating ROA | -4.58% | 2.72% | 5.95% | 9.96% | 8.62% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-43,034K ÷ $939,267K
= -4.58%
Calix Inc's operating return on assets (ROA) has shown fluctuations over the years. The trend indicates an improvement from 8.62% in 2020 to 9.96% in 2021, suggesting effective management of operating assets to generate operating income. However, there was a significant decline in 2022 to 5.95%, possibly indicating challenges in maintaining profitability relative to the level of assets deployed.
Further, the operating ROA dropped notably to 2.72% in 2023, implying a decrease in the company's ability to generate operating income from its assets. The most recent data point shows a negative operating ROA of -4.58% in 2024, indicating a concerning situation where the company's operating income may not be sufficient to cover the assets employed in operations.
Overall, the decreasing trend in Calix Inc's operating ROA raises concerns about the company's operational efficiency and profitability, signaling a need for further analysis and potential operational improvements to enhance the utilization of assets and generate higher operating returns in the future.
Peer comparison
Dec 31, 2024