Gen Digital Inc. (GEN)
Operating return on assets (Operating ROA)
| 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 | Sep 30, 2019 | Jul 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,122,000 | 1,079,000 | 1,112,000 | 1,328,000 | 1,227,000 | 999,000 | 933,000 | 979,000 | 1,005,000 | 1,142,000 | 1,120,000 | 1,063,000 | 896,000 | 674,000 | 456,000 | 335,000 | 355,000 | 383,000 | 383,000 | 317,000 |
| Total assets | US$ in thousands | 15,772,000 | 16,282,000 | 16,411,000 | 15,787,000 | 15,947,000 | 15,503,000 | 15,882,000 | 6,247,000 | 6,943,000 | 6,873,000 | 6,733,000 | 6,565,000 | 6,361,000 | 6,357,000 | 6,313,000 | 6,405,000 | 7,735,000 | 18,547,000 | 16,229,000 | 15,369,000 |
| Operating ROA | 7.11% | 6.63% | 6.78% | 8.41% | 7.69% | 6.44% | 5.87% | 15.67% | 14.48% | 16.62% | 16.63% | 16.19% | 14.09% | 10.60% | 7.22% | 5.23% | 4.59% | 2.07% | 2.36% | 2.06% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,122,000K ÷ $15,772,000K
= 7.11%
The operating return on assets (operating ROA) of Gen Digital Inc. has shown fluctuations over the past few quarters. The operating ROA ranged from a low of 2.06% in the third quarter of 2019 to a high of 16.63% in the fourth quarter of 2021.
In recent quarters, the operating ROA has generally been on an upward trend, with significant improvements in operational efficiency and asset utilization. This is particularly evident in the spike to 15.67% in the second quarter of 2022 and then consistently high levels in subsequent quarters.
The latest operating ROA of 7.11% for the first quarter of 2024 indicates that the company continues to generate a reasonable return from its operating activities relative to its total assets. This suggests that Gen Digital Inc. is effectively utilizing its assets to generate operating income.
Overall, the trend of increasing operating ROA reflects positively on the company's operational performance and efficiency in generating profits from its asset base. It indicates a positive trajectory for the company's financial health and operational effectiveness.
Peer comparison
Mar 31, 2024