Dolby Laboratories (DLB)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 200,656 | 184,087 | 310,227 | 231,363 | 255,151 |
| Total assets | US$ in thousands | 2,979,770 | 2,689,550 | 3,105,690 | 2,917,320 | 2,821,750 |
| ROA | 6.73% | 6.84% | 9.99% | 7.93% | 9.04% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $200,656K ÷ $2,979,770K
= 6.73%
Dolby Laboratories' return on assets (ROA) has shown some fluctuations over the past five years. The company's ROA for the most recent fiscal year ending September 30, 2023, stood at 6.73%, exhibiting a slight decrease compared to the previous year's 6.84%.
When compared to the three prior years, Dolby's ROA in 2023 appears to be lower than the 9.99% reported in 2021 and the 9.04% reported in 2019, but higher than the 7.93% noted in 2020. These variations suggest a certain level of volatility in the company's ability to generate profits relative to its total assets over the years.
Further analysis would be beneficial to understand the key factors contributing to these changes and to evaluate the company's operational efficiency and profitability in utilizing its assets effectively.
Peer comparison
Sep 30, 2023