Viavi Solutions Inc (VIAV)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	-25,800	25,500	15,500	67,500	49,000
Total assets	US$ in thousands	1,736,300	1,850,500	1,827,900	1,961,400	1,776,300
ROA		-1.49%	1.38%	0.85%	3.44%	2.76%

June 30, 2024 calculation

ROA = Net income ÷ Total assets
= $-25,800K ÷ $1,736,300K
= -1.49%

Viavi Solutions Inc's return on assets (ROA) has been fluctuating over the past five years, ranging from a high of 3.44% in June 2021 to a low of -1.49% in June 2024. The negative ROA in 2024 indicates that the company's net income generated from its assets was insufficient to cover its total assets. This may raise concerns about the company's profitability and operational efficiency. Comparatively, the positive ROA figures in the preceding years suggest that Viavi Solutions Inc was able to generate a reasonable return on its assets, with a peak of 3.44% in 2021. However, the decreasing trend in ROA from 2021 to 2024 may indicate a decline in the company's ability to utilize its assets effectively to generate profits. Further analysis of the company's financial performance and operational strategies is recommended to determine the underlying reasons for these fluctuations in ROA.