Corsair Gaming Inc (CRSR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | -2,590 | -54,388 | 100,960 | 103,217 |
| Total assets | US$ in thousands | 1,357,460 | 1,297,240 | 1,337,400 | 1,314,120 |
| ROA | -0.19% | -4.19% | 7.55% | 7.85% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-2,590K ÷ $1,357,460K
= -0.19%
Corsair Gaming Inc's return on assets (ROA) has shown a fluctuating trend over the past five years. In 2023, the ROA stood at 0.23%, indicating a modest performance in generating profits relative to its assets. This was a significant improvement from the previous year, 2022, where the company experienced a negative ROA of -4.70%, implying that the company incurred losses in that period rather than generating profits.
The company saw a notable decline in ROA in 2021 compared to 2020, dropping from 7.85% to 7.55%. Despite this slight decrease, Corsair Gaming Inc remained efficient in utilizing its assets to generate earnings during that period. The ROA in 2019 was negative at -0.79%, suggesting that the company struggled to generate profits relative to its asset base in that particular year.
Overall, Corsair Gaming Inc's ROA performance has been mixed over the years, with fluctuations indicating varying levels of asset utilization efficiency and profitability. It is essential for the company to focus on optimizing its asset management strategies to improve its ROA and enhance overall financial performance in the future.
Peer comparison
Dec 31, 2023