Corsair Gaming Inc (CRSR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -2,590 | -2,862 | -5,994 | -53,527 | -54,388 | -36,382 | -28,394 | 51,364 | 100,960 | 119,288 | 153,868 | |||
| 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 |
| ROA | -0.19% | -0.21% | -0.45% | -4.13% | -4.19% | -3.07% | -2.30% | 3.89% | 7.55% | 8.89% | 11.16% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-2,590K ÷ $1,357,460K
= -0.19%
Corsair Gaming Inc's Return on Assets (ROA) has shown variability over the last eight quarters. In Q4 2023, the ROA was 0.23%, followed by an increase in Q3 2023 to 0.71%. However, the ROA dropped to 0.28% in Q2 2023 before significantly declining to -4.38% in Q1 2023.
The negative ROA values in Q1 2023, Q4 2022, Q3 2022, and Q2 2022 indicate that the company's net income was insufficient to cover its total assets during those periods. The positive ROA of 3.72% in Q1 2022 suggests strong profitability relative to the assets in that quarter.
Overall, the fluctuating ROA trend indicates that Corsair Gaming Inc's efficiency in generating profits from its assets has been inconsistent. Further analysis of the company's financial performance and asset utilization may be necessary to understand the factors contributing to these fluctuations.
Peer comparison
Dec 31, 2023