Sonos Inc (SONO)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -48,045 | -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 |
| Total assets | US$ in thousands | 916,312 | 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 |
| Operating ROA | -5.24% | -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% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-48,045K ÷ $916,312K
= -5.24%
Operating ROA measures how efficiently a company generates profits from its operating assets. A negative operating ROA indicates that Sonos Inc is not effectively utilizing its assets to generate operating income.
Looking at the trend over the past few quarters, Sonos Inc's operating ROA has been fluctuating. In the most recent quarter, the operating ROA was at -5.24%, indicating a decline in profitability from the previous quarter.
The significant drop in the operating ROA from the previous year's levels of 10-16% to negative figures in recent quarters suggests a decline in the company's operational efficiency or profitability. Investors and analysts may need to further investigate the reasons behind this trend and assess the company's operational performance and asset management strategies.
Peer comparison
Sep 30, 2024