Fortinet Inc (FTNT)

Return on assets (ROA)

		Dec 31, 2024	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
Net income (ttm)	US$ in thousands	1,745,200	1,529,900	1,312,900	1,199,400	1,147,800	1,150,700	1,059,400	966,600	857,300	742,500	674,000	638,000	606,800	554,500	514,800	491,100	488,500	457,000	413,800	372,700
Total assets	US$ in thousands	9,763,100	8,852,000	8,052,900	7,662,100	7,258,900	7,479,300	7,486,100	6,832,300	6,228,000	5,335,900	5,294,500	5,651,100	5,919,100	5,970,600	5,558,900	5,282,200	4,044,500	3,586,200	3,330,600	3,206,200
ROA		17.88%	17.28%	16.30%	15.65%	15.81%	15.39%	14.15%	14.15%	13.77%	13.92%	12.73%	11.29%	10.25%	9.29%	9.26%	9.30%	12.08%	12.74%	12.42%	11.62%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,745,200K ÷ $9,763,100K
= 17.88%

Fortinet Inc's return on assets (ROA) has shown a generally positive trend over the past few years, starting at 11.62% in March 2020 and increasing to 17.88% by December 2024. The company's ROA fluctuated slightly during this period, with some minor dips and peaks. Overall, Fortinet Inc has demonstrated effective asset utilization, as reflected in its increasing ROA figures. This indicates that the company is generating healthy returns relative to its total assets, showcasing its operational efficiency and profitability. Investors and stakeholders may view this consistent improvement in ROA as a positive indicator of Fortinet Inc's financial health and management effectiveness.