Harmonic Inc (HLIT)
Return on assets (ROA)
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 39,217 | 84,938 | 56,725 | 70,812 | 83,994 | 6,284 | 21,519 | 34,804 | 28,182 | 41,908 | 34,698 | 17,849 | 13,254 | 6,862 | -49 | -13,441 | -29,271 | -37,166 | -20,128 | -16,572 |
Total assets | US$ in thousands | 796,506 | 759,861 | 713,696 | 740,670 | 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 |
ROA | 4.92% | 11.18% | 7.95% | 9.56% | 10.93% | 0.93% | 3.12% | 4.95% | 3.97% | 6.01% | 4.97% | 2.55% | 1.91% | 1.07% | -0.01% | -2.20% | -4.95% | -6.64% | -3.61% | -2.88% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $39,217K ÷ $796,506K
= 4.92%
Harmonic Inc's return on assets (ROA) has shown a fluctuating trend over the periods analyzed. From March 31, 2020, to December 31, 2020, the ROA remained negative, indicating that the company was not effectively utilizing its assets to generate profits during that time. However, starting from March 31, 2021, the ROA turned positive and showed a steady increase over the subsequent quarters.
The positive ROA figures from March 31, 2024, to December 31, 2024, suggest that Harmonic Inc was able to generate significant profits relative to its asset base during those periods. The highest ROA of 11.18% was recorded on September 30, 2024, indicating a strong performance in asset utilization efficiency.
Overall, the improving trend in ROA from negative values to positive values indicates that Harmonic Inc has been able to enhance its profitability in relation to the assets employed in its operations. However, for a more comprehensive assessment, it would be beneficial to consider other financial ratios and factors affecting the company's performance.
Peer comparison
Dec 31, 2024