Corsair Gaming Inc (CRSR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -85,181 | -2,590 | -53,946 | 100,960 | 103,217 |
| Total assets | US$ in thousands | 1,235,830 | 1,357,460 | 1,297,240 | 1,337,400 | 1,314,120 |
| ROA | -6.89% | -0.19% | -4.16% | 7.55% | 7.85% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-85,181K ÷ $1,235,830K
= -6.89%
Based on the provided data, Corsair Gaming Inc's return on assets (ROA) has displayed some fluctuations over the past five years.
As of December 31, 2020, the company's ROA stood at 7.85%, indicating that for every dollar of assets owned, Corsair generated a return of 7.85 cents. However, by December 31, 2021, the ROA slightly decreased to 7.55%.
The trend took a negative turn in the following years, with the ROA dropping significantly to -4.16% by December 31, 2022. This negative ROA suggests that the company's assets were utilized inefficiently or that there were significant losses relative to its asset base.
By the end of 2023, there was a slight improvement, with the ROA marginally decreasing to -0.19%. Nevertheless, the company still struggled to generate a positive return on its assets. Finally, as of December 31, 2024, Corsair's ROA fell further to -6.89%, indicating continued challenges in effectively utilizing its assets to generate profits.
Overall, Corsair Gaming Inc's declining ROA suggests potential inefficiencies in asset utilization or operational challenges that impacted the company's profitability over the years. Management may need to focus on improving asset efficiency and operational performance to enhance overall financial health and sustainable growth.
Peer comparison
Dec 31, 2024