Ciena Corp (CIEN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 751,393 | 760,563 | 784,733 |
| 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 |
| ROA | 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% | 20.74% | 21.69% | 22.62% |
January 27, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $228,133K ÷ $5,593,210K
= 4.08%
To analyze CIENA Corp.'s return on assets (ROA) based on the provided data, we observe fluctuations in the ROA over the past eight quarters. The ROA ranged from a low of 3.02% in Q4 2022 to a high of 8.59% in Q2 2022.
In the most recent quarter, Q1 2024, the ROA was 4.08%, showing a slight decrease from the previous quarter. Although the ROA has showcased some fluctuations, it generally remained above 3%, indicating that CIENA Corp. has been effectively generating profits from its assets.
The significant increase in ROA in Q2 2022 to 8.59% suggests a period of strong profitability relative to the assets employed. However, the subsequent decline in Q4 2022 to 3.02% may indicate challenges or changes in the company's efficiency in generating returns from its assets.
Overall, CIENA Corp.'s ROA has exhibited variability over the analyzed period, and it is essential for stakeholders to monitor and assess the company's asset utilization and profitability to understand its financial performance comprehensively.
Peer comparison
Jan 27, 2024