NetScout Systems Inc (NTCT)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -147,734 | 59,648 | 35,874 | 19,352 | -2,754 |
| Total assets | US$ in thousands | 2,595,300 | 2,820,560 | 3,194,710 | 3,085,040 | 3,120,500 |
| ROA | -5.69% | 2.11% | 1.12% | 0.63% | -0.09% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-147,734K ÷ $2,595,300K
= -5.69%
NetScout Systems Inc's return on assets (ROA) has been fluctuating over the past five years, with a significant negative ROA of -5.69% as of March 31, 2024. This indicates that the company's profitability in generating earnings from its assets has deteriorated compared to the previous years. In contrast, the ROA was relatively strong at 2.11% in March 31, 2023 and 1.12% in March 31, 2022, suggesting efficient asset utilization during those periods.
The downward trend in ROA from 2022 to 2024 may raise concerns about the company's operational efficiency and ability to generate profit relative to its asset base. Investors and stakeholders should closely monitor NetScout Systems Inc's management of its assets to improve profitability and overall financial performance.
Peer comparison
Mar 31, 2024