Dolby Laboratories (DLB)
Operating return on assets (Operating ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 215,753 | 206,605 | 344,390 | 218,742 | 257,077 |
| Total assets | US$ in thousands | 2,979,770 | 2,689,550 | 3,105,690 | 2,917,320 | 2,821,750 |
| Operating ROA | 7.24% | 7.68% | 11.09% | 7.50% | 9.11% |
September 30, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $215,753K ÷ $2,979,770K
= 7.24%
The operating Return on Assets (ROA) for Dolby Laboratories has shown a downward trend over the five-year period from September 30, 2019, to September 30, 2023. The operating ROA decreased from 9.11% in 2019 to 7.24% in 2023. This decline suggests that Dolby Laboratories may be becoming less efficient in generating operating profits from its assets over this period.
While the operating ROA fluctuated slightly over the years, with a peak of 11.09% in 2021, the overall trend indicates a decrease in profitability relative to the company's asset base. This could be attributed to various factors, such as increasing operating expenses, inefficient asset utilization, or changes in the company's business model.
Investors and stakeholders should monitor this trend closely to assess Dolby Laboratories' operational efficiency and profitability. It may be important for management to identify and address the underlying reasons for the declining operating ROA to ensure sustainable financial performance in the future.
Peer comparison
Sep 30, 2023