Calix Inc (CALX)
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 | 25,585 | 50,727 | 54,803 | 52,693 | 52,610 | 54,175 | 52,161 | 62,989 | 73,938 | 84,096 | 87,855 | 63,988 | 36,846 | 13,566 | -11,035 | -12,628 | -15,401 | -22,050 | -18,523 | -16,518 |
| Total assets | US$ in thousands | 941,865 | 926,660 | 941,768 | 914,827 | 884,835 | 866,879 | 792,812 | 775,246 | 742,032 | 695,717 | 507,835 | 468,135 | 427,352 | 385,333 | 321,314 | 324,054 | 316,823 | 316,511 | 311,248 | 318,152 |
| Operating ROA | 2.72% | 5.47% | 5.82% | 5.76% | 5.95% | 6.25% | 6.58% | 8.13% | 9.96% | 12.09% | 17.30% | 13.67% | 8.62% | 3.52% | -3.43% | -3.90% | -4.86% | -6.97% | -5.95% | -5.19% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $25,585K ÷ $941,865K
= 2.72%
To analyze Calix Inc's operating return on assets (operating ROA) based on the provided data, we observe a fluctuating trend over the past eight quarters. The operating ROA has shown a gradual decline from 8.02% in Q1 2022 to 2.72% in Q4 2023. This downward trend indicates a potential decrease in the company's ability to generate profits from its operating activities in relation to its total assets.
The peak operating ROA of 8.02% in Q1 2022 suggests that the company was relatively efficient in utilizing its assets to generate operating income. However, the subsequent quarters show a downward trend, with the lowest operating ROA recorded in Q4 2023 at 2.72%. This significant decrease may raise concerns about the company's operational efficiency and profitability.
It is important for Calix Inc to closely monitor and address the factors contributing to the decline in operating ROA to improve its financial performance. Possible strategies could include cost optimization, revenue enhancement, asset utilization improvements, and operational efficiency enhancements to enhance overall profitability in the future.
Peer comparison
Dec 31, 2023