Ciena Corp (CIEN)
Return on assets (ROA)
| Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 83,956 | 254,827 | 152,902 | 500,196 | 361,291 |
| Total assets | US$ in thousands | 5,641,340 | 5,601,500 | 5,069,630 | 4,865,230 | 4,180,920 |
| ROA | 1.49% | 4.55% | 3.02% | 10.28% | 8.64% |
November 2, 2024 calculation
ROA = Net income ÷ Total assets
= $83,956K ÷ $5,641,340K
= 1.49%
The return on assets (ROA) for Ciena Corp has fluctuated over the past five years, as follows: 1.49% in November 2024, 4.55% in October 2023, 3.02% in October 2022, 10.28% in October 2021, and 8.64% in October 2020. The decreasing trend in ROA from 10.28% in 2021 to 1.49% in 2024 indicates a decline in the company's ability to generate profits relative to its total assets. This could be attributed to various factors such as increased operating expenses, ineffective asset utilization, or declining revenues. Further analysis is required to pinpoint the specific drivers behind this downward trend and to determine the company's overall efficiency in generating returns from its assets.
Peer comparison
Nov 2, 2024