Dolby Laboratories (DLB)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 261,825 | 212,441 | 190,396 | 188,262 | 200,656 | 219,226 | 242,424 | 183,448 | 184,087 | 200,522 | 215,546 | 255,043 | 310,227 | 292,865 | 305,529 | 317,808 | 231,363 | 248,452 | 220,741 | 205,685 |
| 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 |
| ROA | 8.42% | 7.14% | 6.25% | 6.41% | 6.73% | 7.29% | 8.55% | 6.67% | 6.84% | 6.87% | 7.04% | 8.21% | 9.99% | 9.34% | 9.84% | 10.26% | 7.93% | 8.56% | 7.50% | 7.11% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $261,825K ÷ $3,109,930K
= 8.42%
ROA (Return on Assets) provides insight into how efficiently a company is utilizing its assets to generate profit. Dolby Laboratories' ROA fluctuated over the past years, ranging from 6.25% to 10.26%. The highest ROA was reported in December 2020 at 10.26%, indicating strong asset utilization efficiency. However, the ROA has been gradually decreasing since then, with the latest reported in September 2024 at 8.42%.
While Dolby Laboratories' ROA remains relatively healthy, the decreasing trend should be monitored as it may indicate challenges in maintaining or improving asset productivity and profitability. Further analysis of the company's asset management and profitability strategies would be beneficial to assess the drivers behind these fluctuations in ROA.
Peer comparison
Sep 30, 2024