NetScout Systems Inc (NTCT)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Net income (ttm)	US$ in thousands	-147,734	-118,536	66,659	62,580	59,648	54,463	49,570	40,083	35,874	55,717	37,013	25,431	19,352	15,251	22,955	9,169	-2,754	9,121	-31,207	-40,163
Total assets	US$ in thousands	2,595,300	2,589,800	2,697,710	2,730,600	2,820,560	2,904,110	2,822,050	2,816,640	3,194,710	3,133,550	3,016,400	3,033,050	3,085,040	3,146,320	3,077,550	3,067,530	3,120,500	3,127,340	3,069,370	3,194,000
ROA		-5.69%	-4.58%	2.47%	2.29%	2.11%	1.88%	1.76%	1.42%	1.12%	1.78%	1.23%	0.84%	0.63%	0.48%	0.75%	0.30%	-0.09%	0.29%	-1.02%	-1.26%

March 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-147,734K ÷ $2,595,300K
= -5.69%

NetScout Systems Inc's return on assets (ROA) has exhibited variability over the past few quarters. The ROA started at -1.26% in June 2019, improved to 2.29% in September 2023, but then declined to -5.69% in March 2024. This indicates a significant decrease in the company's ability to generate profits relative to its total assets in the most recent quarter compared to the previous ones.

The negative ROA figures observed in some quarters suggest that NetScout Systems may be struggling to efficiently utilize its assets to generate earnings. The positive ROA figures, although showing improvements at times, have not been consistent and have fluctuated over the periods analyzed.

Overall, the downward trend in ROA should prompt further investigation into NetScout Systems Inc's operational efficiency and asset management strategies to identify areas for improvement and to enhance the company's profitability in the future.