Harmonic Inc (HLIT)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 22,172 | 45,519 | 18,809 | -12,449 | 13,083 |
| Total assets | US$ in thousands | 768,206 | 710,018 | 693,686 | 591,523 | 587,327 |
| Operating ROA | 2.89% | 6.41% | 2.71% | -2.10% | 2.23% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $22,172K ÷ $768,206K
= 2.89%
Harmonic, Inc.'s operating return on assets (operating ROA) has fluctuated over the past five years based on the data provided. In 2023, the company's operating ROA was 2.99%, representing a decrease from the previous year's figure of 6.88%. This decline indicates a reduction in the company's operating efficiency in generating profits from its assets in 2023 compared to 2022.
Looking further back, Harmonic, Inc. exhibited a lower operating ROA of 2.73% in 2021 and a negative operating ROA of -1.71% in 2020, suggesting operational inefficiencies and potential difficulties in generating profits from its assets during those years. However, the company experienced a significant improvement in 2019, with an operating ROA of 2.76%, which was slightly above the 2023 figure.
Overall, Harmonic, Inc.'s operating ROA performance has been somewhat volatile with fluctuations in profitability over the analyzed period. Further analysis and comparison with industry benchmarks may provide insights into the company's operational effectiveness and asset utilization.
Peer comparison
Dec 31, 2023