Sonos Inc (SONO)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -10,274 | 67,383 | 158,595 | -20,115 | -4,766 |
| Total assets | US$ in thousands | 1,002,240 | 1,188,390 | 1,138,800 | 816,051 | 761,605 |
| ROA | -1.03% | 5.67% | 13.93% | -2.46% | -0.63% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $-10,274K ÷ $1,002,240K
= -1.03%
Sonos Inc's return on assets (ROA) has varied significantly over the past five years. In 2023, the ROA was negative at -1.03%, indicating that the company's net income generated from its assets was insufficient to cover the asset base. This may be a cause for concern as it suggests a potential inefficiency in asset utilization or financial performance.
In the previous year, 2022, the ROA was positive at 5.67%, demonstrating an improvement in the company's ability to generate earnings from its assets. This positive trend continued in 2021, with a ROA of 13.93%, signifying a strong performance in utilizing its assets to generate profits.
However, in 2020, the ROA deteriorated significantly to -2.46%, indicating a decline in the company's ability to generate earnings from its assets. The trend worsened in 2019, with a ROA of -0.63%, reflecting further challenges in asset utilization and profitability.
Overall, Sonos Inc's ROA has been subject to fluctuation, with periods of positive and negative performance. This suggests that the company may need to focus on improving its asset efficiency and profitability to ensure consistent and sustainable returns for its stakeholders.
Peer comparison
Sep 30, 2023