Harmonic Inc (HLIT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | -5,924 | -8,164 | -27,579 | -18,647 |
| 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 |
| ROA | 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% | -1.01% | -1.44% | -5.24% | -3.63% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $83,994K ÷ $768,206K
= 10.93%
To analyze Harmonic, Inc.'s return on assets (ROA) based on the provided data, we observe fluctuations in ROA over the past eight quarters. ROA indicates the company's efficiency in generating profits from its assets.
In Q4 2023, Harmonic, Inc. achieved an ROA of 10.93%, which represents a significant improvement compared to the previous quarters. This suggests that the company has become more efficient in utilizing its assets to generate earnings.
However, in Q3 2023, the ROA dropped to 0.93%, reflecting a sharp decline in profitability from the preceding quarter. This could be indicative of operational challenges or less effective asset utilization during that period.
In Q2 and Q1 2023, the ROA stood at 3.12% and 4.95%, respectively, showing a mixed performance in asset efficiency during the first half of the year. These values suggest that Harmonic, Inc. experienced fluctuations in profitability relative to its asset base.
Looking back to Q4 2022, the ROA was 3.97%, indicating a slight increase in profitability compared to some of the more recent quarters. The overall trend appears to show fluctuations in ROA over the analyzed periods.
Considering Q3 and Q2 2022, the ROA was notably higher at 6.01% and 4.97%, respectively. These figures suggest that Harmonic, Inc. was more efficient in generating profits from its assets during these quarters.
Q1 2022 had an ROA of 2.55%, which indicates a moderate level of profitability relative to the asset base during the start of the year.
In conclusion, Harmonic, Inc. has exhibited varying levels of efficiency in converting its assets into profits over the past eight quarters. The recent peak in Q4 2023 suggests an improvement in asset utilization efficiency, while the fluctuations in other quarters indicate potential challenges or operational variations influencing profitability. Further analysis of the company's operational performance and asset management strategies may provide insights into the observed ROA trends.
Peer comparison
Dec 31, 2023