Gen Digital Inc. (GEN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 616,000 | 1,397,000 | 1,418,000 | 1,338,000 | 1,349,000 | 554,000 | 591,000 | 855,000 | 836,000 | 910,000 | 886,000 | 617,000 | 554,000 | 591,000 | 3,258,000 | 3,979,000 | 3,887,000 | 3,690,000 | 910,000 | 117,000 |
| 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 |
| ROA | 3.91% | 8.58% | 8.64% | 8.48% | 8.46% | 3.57% | 3.72% | 13.69% | 12.04% | 13.24% | 13.16% | 9.40% | 8.71% | 9.30% | 51.61% | 62.12% | 50.25% | 19.90% | 5.61% | 0.76% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $616,000K ÷ $15,772,000K
= 3.91%
Gen Digital Inc.'s return on assets (ROA) has shown variability over the past few quarters. In the latest quarter, ending March 31, 2024, the ROA was 3.91%, representing a decrease from the previous quarter's 8.58%. This decline may indicate that the company's ability to generate profit from its assets has weakened.
Looking back at historical data, there are instances where the ROA was notably high, such as in the quarters ending December 31, 2021, and September 30, 2021, with ROAs of 51.61% and 13.24%, respectively. These high ROA figures suggest that the company was efficient in generating profits relative to its assets during those periods.
Conversely, there are quarters, like December 31, 2020, and July 5, 2019, where the ROA was significantly lower, indicating lower profitability relative to the assets employed.
Overall, the fluctuating ROA of Gen Digital Inc. indicates varying levels of asset utilization and profitability, suggesting the need for further analysis to understand the underlying factors driving these fluctuations. Further investigation into the company's operations, asset management, and financial strategies may help in determining the reasons behind the changing ROA figures.
Peer comparison
Mar 31, 2024