Corsair Gaming Inc (CRSR)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -49,954 | -43,753 | -23,567 | -1,567 | 9,193 | 10,709 | 2,141 | -50,105 | -53,630 | -42,133 | -22,052 | 67,621 | 137,894 | 171,650 | 210,616 | 212,313 | 158,361 | 113,686 | 74,927 | 36,666 |
| Total assets | US$ in thousands | 1,235,830 | 1,202,670 | 1,234,240 | 1,257,190 | 1,357,460 | 1,338,150 | 1,318,960 | 1,297,320 | 1,297,240 | 1,183,270 | 1,231,890 | 1,319,420 | 1,337,400 | 1,341,690 | 1,378,400 | 1,333,430 | 1,314,120 | 1,255,720 | 1,126,900 | 1,022,420 |
| Operating ROA | -4.04% | -3.64% | -1.91% | -0.12% | 0.68% | 0.80% | 0.16% | -3.86% | -4.13% | -3.56% | -1.79% | 5.13% | 10.31% | 12.79% | 15.28% | 15.92% | 12.05% | 9.05% | 6.65% | 3.59% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-49,954K ÷ $1,235,830K
= -4.04%
Operating Return on Assets (ROA) is a key financial ratio that measures a company's efficiency in generating profits from its assets employed in its operations. For Corsair Gaming Inc, the trend of Operating ROA over the past few years shows fluctuations.
From March 31, 2020, to December 31, 2021, Corsair Gaming Inc experienced a consistent increase in its Operating ROA, starting at 3.59% and reaching a peak of 15.92% by March 31, 2021. This upward trend indicates that the company was becoming more effective in generating profits from its assets during this period.
However, starting from June 30, 2021, there was a decline in the Operating ROA, dropping to 0.16% by June 30, 2023. This sudden decrease suggests that Corsair Gaming Inc may have been facing challenges in efficiently utilizing its assets to generate profits during this time.
By the end of December 31, 2024, the Operating ROA of Corsair Gaming Inc had declined to -4.04%, indicating that the company's profitability from its assets had turned negative. This negative trend could signal potential issues in the company's operational efficiency and profitability.
In conclusion, while Corsair Gaming Inc initially showed positive growth in its Operating ROA, the subsequent decline and ultimately negative values in recent periods highlight a concerning trend that warrants further investigation into the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2024