Fortinet Inc (FTNT)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,803,400 | 1,241,100 | 969,600 | 650,400 | 531,800 |
| Total assets | US$ in thousands | 9,763,100 | 7,258,900 | 6,228,000 | 5,919,100 | 4,044,500 |
| Operating ROA | 18.47% | 17.10% | 15.57% | 10.99% | 13.15% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,803,400K ÷ $9,763,100K
= 18.47%
Fortinet Inc's operating return on assets (operating ROA) has exhibited variability over the years. The trend shows a slight decrease from 13.15% on December 31, 2020, to 10.99% on December 31, 2021, followed by a significant improvement to 15.57% on December 31, 2022, and further growth to 17.10% on December 31, 2023, and 18.47% on December 31, 2024. This indicates that the company has been able to generate more operating income relative to its total assets in recent years. The rising operating ROA suggests that Fortinet Inc has been effectively utilizing its assets to generate operating profits, which is a positive indicator of operational efficiency and profitability.
Peer comparison
Dec 31, 2024