Dolby Laboratories (DLB)
Operating return on assets (Operating 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 257,077 | 218,411 | 176,550 |
| Total assets | US$ in thousands | 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 | 2,821,750 | 2,809,810 | 2,846,950 |
| Operating ROA | 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% | 9.11% | 7.77% | 6.20% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $187,886K ÷ $2,935,530K
= 6.40%
Operating return on assets (ROA) is a key financial ratio that measures a company's ability to generate profit from its operating assets. Dolby Laboratories' operating ROA has displayed some fluctuations over the past few quarters, ranging from 6.20% to 11.09%. It is important to note that a higher operating ROA indicates better efficiency in generating profit from assets.
Looking at the trend, there seems to be some variability in Dolby Laboratories' operating ROA performance. The ratio reached its peak at 11.09% in September 2021 before declining in the following quarters. However, there was an improvement in the most recent quarter, with operating ROA at 9.73% in March 2023.
Overall, Dolby Laboratories has demonstrated varying levels of efficiency in utilizing its operating assets to generate profit. It is essential for investors and analysts to closely monitor these fluctuations and the company's operational performance to assess its sustainability and long-term profitability.
Peer comparison
Dec 31, 2023