Harmonic Inc (HLIT)
Operating return on assets (Operating ROA)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 22,172 | 29,016 | 49,043 | 54,163 | 45,519 | 44,188 | 38,135 | 25,189 | 18,809 | 20,438 | 13,446 | 1,756 | -12,449 | -22,518 | 1,652 | 3,442 | 13,083 | 13,702 | -12,498 | -4,092 |
| Total assets | US$ in thousands | 768,206 | 673,811 | 690,352 | 703,815 | 710,018 | 697,871 | 698,459 | 700,445 | 693,686 | 643,866 | 651,240 | 609,709 | 591,523 | 559,422 | 557,521 | 576,275 | 587,327 | 568,206 | 526,721 | 514,177 |
| Operating ROA | 2.89% | 4.31% | 7.10% | 7.70% | 6.41% | 6.33% | 5.46% | 3.60% | 2.71% | 3.17% | 2.06% | 0.29% | -2.10% | -4.03% | 0.30% | 0.60% | 2.23% | 2.41% | -2.37% | -0.80% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $22,172K ÷ $768,206K
= 2.89%
Harmonic, Inc.'s operating ROA has exhibited fluctuations over the past eight quarters. The trend shows a decline in Q4 2023 from the previous quarter, dropping to 2.99% from 4.61% in Q3 2023. This decrease may raise concerns about the company's ability to efficiently generate profits from its operating assets.
In the earlier quarters of 2023, Harmonic, Inc.'s operating ROA experienced a significant increase, reaching 7.34% in Q2 and 8.02% in Q1. This upward trend indicates improved efficiency in utilizing its operating assets to generate earnings.
Comparing the latest operating ROA figures with those from the same quarter in the previous year, Harmonic, Inc. has shown some variability but has generally maintained a relatively stable performance. It is essential for the company to assess the factors contributing to the recent decline in operating ROA and implement corrective measures to enhance profitability and efficiency going forward.
Peer comparison
Dec 31, 2023