F5 Networks Inc (FFIV)
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 | 460,928 | 394,948 | 332,160 | 326,203 | 301,003 | 322,160 | 343,532 | 350,117 | 337,122 | 331,241 | 298,186 | 278,454 | 296,592 | 307,441 | 324,615 | 340,648 | 395,356 | 427,734 | 465,778 | 502,616 |
| Total assets | US$ in thousands | 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 | 3,390,280 | 3,177,280 | 2,990,240 |
| ROA | 8.62% | 7.53% | 6.49% | 6.25% | 5.92% | 6.11% | 6.84% | 6.90% | 6.63% | 6.63% | 6.23% | 6.16% | 6.05% | 6.57% | 7.10% | 7.67% | 10.20% | 12.62% | 14.66% | 16.81% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $460,928K ÷ $5,348,860K
= 8.62%
The return on assets (ROA) for F5 Inc has shown a positive trend over the past eight quarters, with a gradual increase from 5.92% in Q1 2023 to 8.62% in Q1 2024. This indicates that the company is generating increasing profits relative to its total assets.
The ROA performance demonstrates that F5 Inc is effectively utilizing its assets to generate profits, with the percentage of net income produced for each dollar of assets invested showing improvement over time. This suggests efficient management of resources and operational effectiveness.
The consistent improvement in ROA reflects positively on the company's operational efficiency and profitability. Investors and stakeholders may view this trend favorably, indicating that F5 Inc is effectively utilizing its assets to generate returns and create shareholder value. It also demonstrates the company’s ability to remain competitive and profitable in its industry.
Overall, the upward trend in ROA suggests that F5 Inc is on a positive trajectory in terms of utilizing its assets to generate returns and improve financial performance.
Peer comparison
Dec 31, 2023