Dolby Laboratories (DLB)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 258,326 | 215,753 | 206,605 | 344,390 | 218,742 |
| Total assets | US$ in thousands | 3,109,930 | 2,979,770 | 2,689,550 | 3,105,690 | 2,917,320 |
| Operating ROA | 8.31% | 7.24% | 7.68% | 11.09% | 7.50% |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $258,326K ÷ $3,109,930K
= 8.31%
Dolby Laboratories has shown varying levels of operating return on assets (operating ROA) over the past five years. The trend indicates fluctuation in the company's ability to generate profits from its assets utilized in operations.
In 2024, the operating ROA stood at 8.31%, representing a slight increase compared to the previous year's 7.24%. This could suggest improved efficiency in utilizing assets to generate operating income. However, it is important to further investigate the factors contributing to this increase.
The operating ROA was at its lowest in 2021 at 7.68%, followed by a significant spike to 11.09% in 2022. This jump may indicate a period of enhanced profitability relative to the assets employed. The subsequent decline in 2023 to 7.24% suggests a potential decrease in operational efficiency or profitability compared to the previous year.
Looking back to 2020, the operating ROA was 7.50%, positioning it within the range observed in the subsequent years. It is essential for stakeholders to delve deeper into the company's operations, asset management strategies, and market conditions to understand the drivers behind these fluctuations in operating ROA.
Overall, the trend in Dolby Laboratories' operating ROA showcases variability in its ability to translate assets into operating profits over the five-year period. Stakeholders should continue monitoring this ratio and other financial metrics to assess the company's operational performance and financial health accurately.
Peer comparison
Sep 30, 2024