Sonos Inc (SONO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -38,146 | -16,292 | -43,572 | -4,515 | -10,274 | -43,102 | -20,128 | 19,090 | 67,383 | 122,706 | 141,129 | 149,784 | 158,595 | 185,750 | 110,944 | 41,403 | -20,114 | -68,125 | -25,154 | 4,342 |
| 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 |
| ROA | -4.16% | -1.70% | -4.71% | -0.41% | -1.03% | -4.05% | -1.90% | 1.58% | 5.67% | 9.87% | 11.51% | 10.91% | 13.93% | 17.13% | 10.58% | 3.88% | -2.46% | -10.57% | -3.94% | 0.50% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-38,146K ÷ $916,312K
= -4.16%
ROA, which stands for Return on Assets, is a financial ratio that measures a company's profitability in relation to its total assets. It indicates how efficiently a company is using its assets to generate profits.
Analyzing the historical ROA trend of Sonos Inc based on the data provided, we observe fluctuations over time. The ROA ranged from a high of 17.13% in Mar 31, 2021, to a low of -4.71% in Mar 31, 2024. The negative ROA values in recent quarters may raise concerns about the company's ability to generate profits from its assets effectively.
The decreasing trend in ROA from the peak in Mar 31, 2021, to the recent negative values suggests a potential decline in the company's profitability relative to its asset base. A negative ROA indicates that the company is experiencing losses in relation to its assets, which could signal inefficiencies in asset utilization or declining profitability.
Further analysis and investigation into the underlying factors contributing to the fluctuating ROA values, such as changes in revenue, expenses, asset management, or economic conditions, would be essential to assess the overall financial health and performance of Sonos Inc accurately.
In conclusion, the negative ROA values in the recent quarters highlight the importance of closely monitoring Sonos Inc's financial performance and taking strategic actions to improve profitability and asset efficiency in the future.
Peer comparison
Sep 30, 2024