Viavi Solutions Inc (VIAV)

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	-25,800	-4,200	5,000	2,700	25,500	42,100	76,700	102,900	15,500	2,300	300	-7,000	67,500	90,900	40,900	41,600	28,700	14,500	42,500	27,500
Total assets	US$ in thousands	1,736,300	1,744,000	1,856,200	1,802,100	1,850,500	1,917,400	1,828,000	1,765,100	1,827,900	1,878,000	2,019,600	2,169,500	1,961,400	1,926,800	1,915,200	1,824,400	1,776,300	1,778,200	1,859,700	1,807,700
ROA		-1.49%	-0.24%	0.27%	0.15%	1.38%	2.20%	4.20%	5.83%	0.85%	0.12%	0.01%	-0.32%	3.44%	4.72%	2.14%	2.28%	1.62%	0.82%	2.29%	1.52%

June 30, 2024 calculation

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

Viavi Solutions Inc's return on assets (ROA) has varied over the past few quarters. The ROA was negative in the most recent quarter at -1.49%, indicating that the company's net income generated from its assets was insufficient to cover its total assets. Prior to that, the ROA improved slightly to -0.24% in the preceding quarter but remained negative.

Looking further back, Viavi Solutions Inc's ROA turned positive in the third quarter of 2023 at 0.15% and increased to 0.27% in the fourth quarter of 2023. The ROA saw further improvement in the first quarter of 2024 at 2.20% but declined to 1.38% in the second quarter of 2024.

The highest ROA in recent quarters was 5.83% in the third quarter of 2022, followed by 4.20% in the fourth quarter of 2022. The ROA has shown fluctuations over the past few years, with some quarters exhibiting strong performance while others indicating weaker results.

Overall, Viavi Solutions Inc's ROA has been inconsistent, with periods of both positive and negative returns. It is important for the company to focus on optimizing its asset utilization to improve profitability and ensure sustainable performance in the future.