Lumentum Holdings Inc (LITE)
Return on assets (ROA)
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 25,900 | -439,900 | -522,800 | -561,000 | -546,500 | -354,200 | -266,500 | -199,100 | -131,600 | -36,700 | 28,600 | 117,000 | 198,900 | 185,700 | 385,200 | 411,700 | 397,300 | 371,200 | 189,100 | 155,000 |
| Total assets | US$ in thousands | 4,218,700 | 3,975,000 | 3,966,100 | 3,969,600 | 3,931,900 | 4,204,500 | 4,656,000 | 4,545,000 | 4,632,100 | 4,354,000 | 4,418,100 | 4,387,400 | 4,162,200 | 4,133,500 | 3,615,700 | 3,519,000 | 3,551,600 | 3,745,900 | 3,468,200 | 3,387,400 |
| ROA | 0.61% | -11.07% | -13.18% | -14.13% | -13.90% | -8.42% | -5.72% | -4.38% | -2.84% | -0.84% | 0.65% | 2.67% | 4.78% | 4.49% | 10.65% | 11.70% | 11.19% | 9.91% | 5.45% | 4.58% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $25,900K ÷ $4,218,700K
= 0.61%
The analysis of Lumentum Holdings Inc.'s return on assets (ROA) over the specified period reveals a marked decline from positive to negative territory. Initially, the company demonstrated a relatively strong ROA of 4.58% as of September 30, 2020, which increased to 5.45% by December 31, 2020, and further rose to a peak of 11.70% on September 30, 2021. This upward trend indicates improved operational efficiency and effective utilization of assets during that period.
Subsequently, the ROA experienced a significant decline commencing in late 2021 and into 2022. By March 31, 2022, the ROA decreased to approximately 4.49%, and further to 2.67% as of September 30, 2022, reflecting diminishing profitability relative to total assets. The downward trajectory accelerated into early 2023, turning negative, with ROA figures reaching -0.84% in March 2023 and further declining to -14.13% by September 30, 2024.
This persistent negative trend indicates a consistent deterioration in asset profitability, suggesting that the company has been generating losses relative to its asset base over the last few years. The continued negative ROA implies potential operational challenges, increasing costs, or shifts in market conditions adversely affecting overall profitability.
The most recent data, as of June 30, 2025, shows a minor recovery with a ROA of 0.61%, but the overall trend remains predominantly negative. This slight positive movement toward the end of the period may suggest some operational adjustments or external factors contributing to a marginal improvement, yet it has not yet restored the company's ROA to its earlier, healthier levels.
In summary, Lumentum's return on assets has transitioned from a period of positive and improving profitability in 2020 and 2021 to a prolonged phase of negative ROA starting in early 2022 and continuing through 2024, with an incremental rebound observed by mid-2025.
Peer comparison
Jun 30, 2025