Gen Digital Inc. (GEN)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 616,000 | 1,349,000 | 836,000 | 554,000 | 3,887,000 |
| Total assets | US$ in thousands | 15,772,000 | 15,947,000 | 6,943,000 | 6,361,000 | 7,735,000 |
| ROA | 3.91% | 8.46% | 12.04% | 8.71% | 50.25% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $616,000K ÷ $15,772,000K
= 3.91%
The return on assets (ROA) of Gen Digital Inc. has exhibited a declining trend over the past five years. The ROA decreased from 50.25% in 2020 to 3.91% in 2024. This significant drop indicates a decrease in the company's ability to generate profits from its assets efficiently. The ROA of 3.91% in 2024 suggests that for every dollar of assets the company possesses, it generated approximately $0.0391 in net income. This declining trend raises concerns about the company's operational efficiency and possibly its utilization of assets to generate profits. Further analysis of the company's financial performance and strategic decisions may be warranted to address the decrease in ROA over the years.
Peer comparison
Mar 31, 2024