Sonos Inc (SONO)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -7,039 | -40,889 | -27,155 | -20,546 | -52,247 | -24,026 | 43,242 | 89,532 | 138,052 | 147,821 | 150,174 | 154,964 | 181,935 | 108,292 | 42,690 | -27,232 | -67,489 | -25,625 | 4,644 | 5,701 |
| Total assets | US$ in thousands | 961,105 | 925,615 | 1,109,990 | 1,002,240 | 1,065,220 | 1,059,250 | 1,206,880 | 1,188,390 | 1,243,230 | 1,226,230 | 1,372,740 | 1,138,800 | 1,084,100 | 1,048,290 | 1,066,860 | 816,051 | 644,628 | 639,175 | 873,929 | 761,605 |
| Operating ROA | -0.73% | -4.42% | -2.45% | -2.05% | -4.90% | -2.27% | 3.58% | 7.53% | 11.10% | 12.05% | 10.94% | 13.61% | 16.78% | 10.33% | 4.00% | -3.34% | -10.47% | -4.01% | 0.53% | 0.75% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-7,039K ÷ $961,105K
= -0.73%
The operating return on assets (operating ROA) for Sonos Inc has shown a fluctuating trend over the past few quarters. From the data provided, it can be observed that the operating ROA has ranged from a low of -4.90% to a high of 16.78% during the period.
There was an improvement in the operating ROA from the third quarter of 2021 to the second quarter of 2022, where it increased steadily from 10.94% to 12.05% and peaked at 16.78%. However, in the subsequent quarters, there was a decline in the operating ROA, with negative percentages recorded in the most recent quarters, indicating a decrease in profitability relative to assets.
Overall, the operating ROA of Sonos Inc has been volatile, reflecting fluctuations in the company's operational efficiency and profitability. It is important for the company to closely monitor and address the factors influencing its operating ROA to ensure sustainable and positive returns on its assets.
Peer comparison
Jun 30, 2024