Fortinet Inc (FTNT)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,241,100 | 969,600 | 650,400 | 531,800 | 351,000 |
| Total assets | US$ in thousands | 7,258,900 | 6,228,000 | 5,919,100 | 4,044,500 | 3,879,200 |
| Operating ROA | 17.10% | 15.57% | 10.99% | 13.15% | 9.05% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,241,100K ÷ $7,258,900K
= 17.10%
Fortinet Inc's operating return on assets (operating ROA) has shown a generally increasing trend over the past five years, with values of 8.86% in 2019, 12.15% in 2020, 10.91% in 2021, 15.49% in 2022, and 17.03% in 2023. This indicates that the company has been able to generate more operating income relative to its total assets over time, reflecting improved operational efficiency and effectiveness in utilizing its assets to generate profits. The consistent improvement in operating ROA suggests that Fortinet Inc has been successful in managing its operations efficiently and effectively translating its assets into operating profits. This trend is generally positive and may indicate a strong operational performance by the company.
Peer comparison
Dec 31, 2023