Extreme Networks Inc (EXTR)

Return on assets (ROA)

		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	Sep 30, 2019
Net income (ttm)	US$ in thousands	-85,964	-6,334	80,222	94,165	78,074	58,057	48,750	44,160	44,271	49,187	39,835	23,444	1,936	-29,607	-77,431	-97,919	-126,845	-122,683	-85,263	-54,526
Total assets	US$ in thousands	1,042,590	1,085,470	1,142,660	1,106,510	1,141,710	1,068,400	1,062,180	1,057,780	1,068,510	1,024,840	1,012,800	1,008,800	1,010,090	953,676	945,837	959,494	979,088	973,452	1,014,650	1,051,790
ROA		-8.25%	-0.58%	7.02%	8.51%	6.84%	5.43%	4.59%	4.17%	4.14%	4.80%	3.93%	2.32%	0.19%	-3.10%	-8.19%	-10.21%	-12.96%	-12.60%	-8.40%	-5.18%

June 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-85,964K ÷ $1,042,590K
= -8.25%

The return on assets (ROA) for Extreme Networks Inc has shown fluctuations over the past several quarters. In the most recent quarter ending June 30, 2024, the ROA was -8.25%, indicating a negative return on the company's assets. This is a significant decline compared to the previous quarter where the ROA was -0.58%.

Looking at the trend over the past eight quarters, the ROA has ranged from negative figures to positive figures, with the highest being 8.51% in September 30, 2023. The company's ROA seems to have peaked in the second half of 2023 but has since declined.

Overall, the inconsistent performance in ROA suggests that Extreme Networks Inc may be facing challenges in effectively utilizing its assets to generate profits. It is important for the company to closely monitor and improve its asset utilization efficiency in order to enhance its overall financial performance.