Calix Inc (CALX)
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 | 29,325 | 47,851 | 44,341 | 42,489 | 41,010 | 48,964 | 212,945 | 225,882 | 238,378 | 242,599 | 85,713 | 61,043 | 33,484 | 9,879 | -14,038 | -14,871 | -17,694 | -23,769 | -19,581 | -17,329 |
| 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 |
| ROA | 3.11% | 5.16% | 4.71% | 4.64% | 4.63% | 5.65% | 26.86% | 29.14% | 32.13% | 34.87% | 16.88% | 13.04% | 7.84% | 2.56% | -4.37% | -4.59% | -5.58% | -7.51% | -6.29% | -5.45% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $29,325K ÷ $941,865K
= 3.11%
Calix Inc's return on assets (ROA) has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ROA was 3.11%, which decreased from the previous quarter's 5.16%. This decline indicates a decrease in the company's ability to generate profits from its assets in the most recent quarter.
Looking back at the trend, Calix Inc's ROA was relatively stable in Q1 and Q2 of 2023, ranging between 4.64% and 4.71%. However, a significant drop was observed in Q2 and Q1 of 2022, where the ROA plummeted to 26.86% and 29.14%, respectively. This sharp decline could be attributed to various internal or external factors impacting the company's profitability and asset utilization during those periods.
It is important for Calix Inc to closely monitor its ROA to ensure efficient utilization of its assets and sustainable profitability in the long run. Further analysis and investigation into the factors influencing these fluctuations in ROA may provide insights for management to improve performance and enhance overall financial stability.
Peer comparison
Dec 31, 2023