Corsair Gaming Inc (CRSR)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 9,689 | 11,205 | 975 | -51,271 | -54,793 | -43,296 | -21,553 | 68,120 | 137,894 | 171,650 | 210,616 | |||
| Total assets | US$ in thousands | 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 |
| Operating ROA | 0.71% | 0.84% | 0.07% | -3.95% | -4.22% | -3.66% | -1.75% | 5.16% | 10.31% | 12.79% | 15.28% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $9,689K ÷ $1,357,460K
= 0.71%
To analyze Corsair Gaming Inc's operating return on assets (operating ROA) performance based on the provided data, we observe a fluctuating trend over the past eight quarters.
In Q4 2023, the operating ROA was 0.71%, showing a slight decrease from the previous quarter's 0.84%. Despite the decrease, the company managed to maintain a positive operating ROA in this period.
In Q3 2023, the operating ROA was 0.84%, indicating a moderate improvement from the previous quarter. This suggests that the company's operating income generated from its assets increased slightly in this quarter.
In Q2 2023, the operating ROA was 0.07%, which was significantly lower compared to the previous quarter. This decline could be a cause for concern as the company's ability to generate operating income from its assets decreased substantially during this period.
In Q1 2023, the operating ROA was -3.95%, indicating a negative return on assets. This signifies that the company's operating income was insufficient to cover the assets used in its operations during this quarter.
Looking back at Q4 2022, the operating ROA was -4.22%, showing a similar negative trend as seen in Q1 2023. This indicates persistent challenges in generating operating income relative to the assets employed.
In Q3 2022, the operating ROA was -3.66%, reflecting a negative return on assets for the second consecutive quarter. This further emphasizes the company's struggle in efficiently utilizing its assets to generate operating income.
Moving to Q2 2022, the operating ROA was -1.75%, which, although still negative, showed a slight improvement compared to the previous quarters. However, the company was still not able to achieve a positive return on its assets during this period.
In Q1 2022, the operating ROA significantly increased to 5.16%, marking a substantial positive reversal from the negative trends seen in the preceding quarters. This quarter stood out in terms of the company's ability to effectively generate operating income from its assets.
Overall, Corsair Gaming Inc's operating ROA performance has been volatile, with periods of negative returns interspersed with moments of positive performance. It is essential for the company to focus on improving its operational efficiency and asset utilization to achieve more consistent and sustainable returns on its assets in the future.
Peer comparison
Dec 31, 2023