Ciena Corp (CIEN)
Operating return on assets (Operating ROA)
| Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 31, 2019 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 356,958 | 357,545 | 343,511 | 292,404 | 248,020 | 222,808 | 282,949 | 404,365 | 479,565 | 495,356 | 451,430 | 490,943 | 484,802 | 456,950 | 448,741 | 292,771 | 182,019 | 189,875 | 186,600 | 212,354 |
| Total assets | US$ in thousands | 5,593,210 | 5,601,500 | 5,723,210 | 5,775,640 | 5,672,500 | 5,069,630 | 4,900,780 | 4,964,130 | 4,900,360 | 4,865,230 | 4,655,870 | 4,388,010 | 4,186,900 | 4,180,920 | 4,055,190 | 3,856,760 | 3,618,110 | 3,622,700 | 3,506,550 | 3,469,380 |
| Operating ROA | 6.38% | 6.38% | 6.00% | 5.06% | 4.37% | 4.39% | 5.77% | 8.15% | 9.79% | 10.18% | 9.70% | 11.19% | 11.58% | 10.93% | 11.07% | 7.59% | 5.03% | 5.24% | 5.32% | 6.12% |
January 27, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $356,958K ÷ $5,593,210K
= 6.38%
To analyze CIENA Corp.'s operating return on assets (operating ROA) based on the data provided, we observe fluctuations in the operating ROA over the eight quarters displayed.
The operating ROA ranged from 5.04% to 8.76% over the eight quarters. There seems to be volatility in the operating ROA, with fluctuations in performance. The operating ROA peaked at 8.76% in Q2 2022 and hit a low of 5.04% in Q1 2023.
The company experienced varying levels of efficiency in generating operating profits from its assets during the period under review. The trend indicates some inconsistency in utilizing assets to generate operating income.
It would be important to further investigate the factors behind these fluctuations in the operating ROA to understand the reasons for the performance variations and assess the company's asset management effectiveness.
Peer comparison
Jan 27, 2024