F5 Networks Inc (FFIV)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 658,591 | 639,307 | 579,786 | 545,872 | 472,568 | 408,357 | 412,252 | 380,853 | 403,792 | 422,626 | 411,574 | 390,428 | 394,025 | 366,274 | 357,483 | 387,680 | 392,267 | 408,368 | 423,487 | 482,582 |
| Total assets | US$ in thousands | 5,613,000 | 5,414,450 | 5,384,670 | 5,348,860 | 5,248,330 | 5,119,160 | 5,223,250 | 5,085,570 | 5,276,190 | 5,021,290 | 5,077,170 | 5,086,910 | 4,997,280 | 4,785,120 | 4,519,190 | 4,899,340 | 4,677,920 | 4,573,360 | 4,440,980 | 3,875,360 |
| Operating ROA | 11.73% | 11.81% | 10.77% | 10.21% | 9.00% | 7.98% | 7.89% | 7.49% | 7.65% | 8.42% | 8.11% | 7.68% | 7.88% | 7.65% | 7.91% | 7.91% | 8.39% | 8.93% | 9.54% | 12.45% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $658,591K ÷ $5,613,000K
= 11.73%
Operating ROA measures how efficiently a company generates profits from its assets used in its core operations. In the case of F5 Networks Inc, the operating ROA has exhibited fluctuations over the past eight quarters.
From the data provided, F5 Networks Inc's operating ROA has generally been on an upward trend, starting at 7.91% in December 2019 and reaching a peak of 11.81% in June 2024. This indicates an improvement in the company's ability to generate operating profits from its assets over this period.
However, it is important to note that there have been some fluctuations in the operating ROA, with slight declines in certain quarters, such as the decrease from 11.81% in June 2024 to 10.77% in March 2024. These fluctuations may be influenced by various factors, such as changes in revenues, expenses, or asset utilization efficiency.
Overall, F5 Networks Inc's operating ROA performance indicates a positive trend of improving profitability relative to the assets deployed in its operations. Further analysis would be required to understand the specific drivers behind the fluctuations observed in the operating ROA over the quarters provided.
Peer comparison
Sep 30, 2024