Dolby Laboratories (DLB)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 258,326 | 208,478 | 187,630 | 187,886 | 215,753 | 246,355 | 275,986 | 210,112 | 206,605 | 219,862 | 230,387 | 270,224 | 344,390 | 334,093 | 312,141 | 334,899 | 218,742 | 239,894 | 240,011 | 236,996 |
| Total assets | US$ in thousands | 3,109,930 | 2,973,640 | 3,044,730 | 2,935,530 | 2,979,770 | 3,007,940 | 2,836,130 | 2,748,520 | 2,689,550 | 2,919,940 | 3,062,990 | 3,104,920 | 3,105,690 | 3,135,140 | 3,106,290 | 3,096,850 | 2,917,320 | 2,903,910 | 2,944,830 | 2,893,280 |
| Operating ROA | 8.31% | 7.01% | 6.16% | 6.40% | 7.24% | 8.19% | 9.73% | 7.64% | 7.68% | 7.53% | 7.52% | 8.70% | 11.09% | 10.66% | 10.05% | 10.81% | 7.50% | 8.26% | 8.15% | 8.19% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $258,326K ÷ $3,109,930K
= 8.31%
Dolby Laboratories' operating return on assets (operating ROA) has shown some fluctuations over the past few quarters. The highest operating ROA was observed in the quarter ending Mar 31, 2021, at 11.09%, reflecting strong operational efficiency and asset utilization during that period.
Subsequently, operating ROA declined in the following quarters but remained relatively stable around the 7% to 8% range for the most recent quarters ending Sep 30, 2024. This suggests that the company has been able to generate profits from its operating activities relative to its total assets, albeit at slightly varying levels.
In general, an operating ROA above 5-6% is considered healthy, indicating that the company is efficiently using its assets to generate earnings. Dolby Laboratories' operating ROA performance indicates a consistent ability to generate returns on its assets, although further analysis in conjunction with other financial metrics would provide a more comprehensive understanding of the company's overall financial health and performance.
Peer comparison
Sep 30, 2024