Ciena Corp (CIEN)
Return on assets (ROA)
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Oct 31, 2017 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 254,827 | 152,902 | 500,196 | 361,291 | 1,261,950 |
| Total assets | US$ in thousands | 5,601,500 | 5,069,630 | 4,865,230 | 4,180,920 | 3,951,710 |
| ROA | 4.55% | 3.02% | 10.28% | 8.64% | 31.93% |
October 28, 2023 calculation
ROA = Net income ÷ Total assets
= $254,827K ÷ $5,601,500K
= 4.55%
CIENA Corp.'s return on assets (ROA) has exhibited fluctuations over the past five years. In 2023, the ROA stood at 4.55%, indicating that the company generated 4.55 cents of profit for each dollar of assets. This represented an increase from the previous year, where the ROA was 3.02%. However, the ROA was notably lower compared to the levels seen in 2021 and 2020, which were 10.28% and 8.64% respectively. Furthermore, 2019 also saw a relatively high ROA of 6.51%. The fluctuations in ROA suggest varying levels of asset utilization and profitability during these periods.
Peer comparison
Oct 28, 2023