Sonos Inc (SONO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -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 | -4,766 |
| 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 |
| ROA | -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% | -0.63% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-16,292K ÷ $961,105K
= -1.70%
The return on assets (ROA) of Sonos Inc has shown significant fluctuations over the past two years. From the end of 2019 to mid-2022, the ROA experienced a positive trend, reaching its peak at 17.13% in March 2022. This indicates that the company was efficiently utilizing its assets to generate profits during this period.
However, the ROA started declining from mid-2022 onwards, dropping to 1.58% in December 2022 and further decreasing to -4.71% by March 2024. This suggests that Sonos Inc may be facing challenges in effectively converting its assets into earnings in recent quarters.
The negative ROA figures in the most recent quarters, such as -4.71% in March 2024 and -1.70% in June 2024, raise concerns about the company's profitability and asset utilization efficiency. It would be advisable for stakeholders to closely monitor the company's performance and assess the strategies being implemented to address the declining ROA trend.
Peer comparison
Jun 30, 2024