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.