Corsair Gaming Inc (CRSR)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 9,689 | -54,793 | 137,894 | 158,361 |
| Total assets | US$ in thousands | 1,357,460 | 1,297,240 | 1,337,400 | 1,314,120 |
| Operating ROA | 0.71% | -4.22% | 10.31% | 12.05% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $9,689K ÷ $1,357,460K
= 0.71%
Operating ROA is a key metric that assesses a company's efficiency in generating operating profits relative to its total assets. Corsair Gaming Inc's operating ROA has fluctuated over the past five years. In 2023, the company's operating ROA stood at 0.71%, indicating that it generated 0.71 cents of operating income for each dollar of assets. This represents a significant improvement compared to the prior year when the operating ROA was -4.22%.
Looking further back, in 2021, Corsair Gaming Inc achieved a robust operating ROA of 10.31%, followed by 12.05% in 2020 and 2.24% in 2019. The positive trend from 2019 to 2021 suggests that the company was effectively utilizing its assets to generate operating income. However, the decline in 2022 and the modest increase in 2023 may indicate some challenges in optimizing asset efficiency.
It is essential for Corsair Gaming Inc to closely monitor its operating ROA to ensure that it remains competitive and sustainable in its industry. Analyzing the drivers behind these fluctuations and implementing strategies to improve asset utilization and operational performance could help drive long-term profitability and shareholder value.
Peer comparison
Dec 31, 2023