Dolby Laboratories (DLB)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 255,151 | 237,949 | 201,491 |
| 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 |
| ROA | 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% | 9.04% | 8.47% | 7.08% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $188,262K ÷ $2,935,530K
= 6.41%
Dolby Laboratories' return on assets (ROA) has fluctuated over the past 5 years, ranging from 6.41% to 10.26%. The company's ROA was relatively stable in the range of 6% to 8% until the last few quarters where it saw an upward trend, reaching a peak of 10.26%. This indicates that Dolby Laboratories has been effectively generating profits from its assets. The increasing trend in ROA suggests improved efficiency in asset utilization and profitability, reflecting positively on the company's overall operational performance. However, it is important to analyze the underlying factors contributing to these fluctuations in ROA to assess the sustainability of this trend.
Peer comparison
Dec 31, 2023