Ciena Corp (CIEN)
Return on assets (ROA)
| Nov 2, 2024 | Jul 27, 2024 | Apr 27, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 83,956 | 138,127 | 153,630 | 228,133 | 254,827 | 221,273 | 202,052 | 183,320 | 152,902 | 198,756 | 426,476 | 490,671 | 500,196 | 461,738 | 365,773 | 354,311 | 332,579 | 318,378 | 189,967 | -375,051 |
| Total assets | US$ in thousands | 5,641,340 | 5,575,130 | 5,614,800 | 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 |
| ROA | 1.49% | 2.48% | 2.74% | 4.08% | 4.55% | 3.87% | 3.50% | 3.23% | 3.02% | 4.06% | 8.59% | 10.01% | 10.28% | 9.92% | 8.34% | 8.46% | 7.95% | 7.85% | 4.93% | -10.37% |
November 2, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $83,956K ÷ $5,641,340K
= 1.49%
The return on assets (ROA) for Ciena Corp has exhibited fluctuations over the past several periods. The ROA indicates how efficiently the company is generating profits from its assets.
From January 2019 to November 2024, Ciena Corp's ROA varied significantly, ranging from a low of -10.37% in January 2019 to a high of 10.28% in January 2022. The ROA saw a gradual decline from the peak in January 2022 to reach 1.49% in November 2024.
The general trend shows that Ciena Corp's ability to generate profits from its assets has been inconsistent, with periods of high and low returns. Investors and analysts would need to closely monitor the company's asset management strategies and profitability to understand the reasons behind these fluctuations in ROA. Additional analysis incorporating other financial metrics would be beneficial in gaining a comprehensive understanding of Ciena Corp's overall financial performance.
Peer comparison
Nov 2, 2024