Harmonic Inc (HLIT)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 83,994 | 28,182 | 13,254 | -29,271 | -5,924 |
| Total assets | US$ in thousands | 768,206 | 710,018 | 693,686 | 591,523 | 587,327 |
| ROA | 10.93% | 3.97% | 1.91% | -4.95% | -1.01% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $83,994K ÷ $768,206K
= 10.93%
Harmonic, Inc.'s return on assets (ROA) has exhibited variability over the past five years, ranging from -4.95% in 2020 to 10.93% in 2023. This indicator provides insight into the company's ability to generate earnings relative to its total assets. The significant improvements in ROA from negative figures in 2020 to positive figures in 2021 and onwards suggest that Harmonic has been more effective in utilizing its assets to generate profits. The substantial increase in ROA in 2023 to 10.93% indicates a notable enhancement in asset utilization efficiency, reflecting potentially improved operational performance or strategic shifts within the company. Overall, the positive trend in ROA demonstrates the company's progress in enhancing its operational efficiency and profitability over the analyzed period.
Peer comparison
Dec 31, 2023