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Asset Efficiency for Ciena Corp

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CIEN: Ciena Corp

Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and ...

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Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Ciena Corp's Asset Efficiency:

Oct 2016Oct 2018Oct 2020Oct 2022Oct 2024-5.0%0.0%5.0%10.0%15.0%

Performance Summary
  • Ciena's latest twelve months asset efficiency is 6.3%
  • Ciena's asset efficiency for fiscal years ending October 2020 to 2024 averaged 6.6%.
  • Ciena's operated at median asset efficiency of 9.2% from fiscal years ending October 2020 to 2024.
  • Looking back at the last 5 years, Ciena's asset efficiency peaked in October 2020 at 12.2%.
  • Ciena's asset efficiency hit its 5-year low in October 2022 of -3.4%.
  • Ciena's asset efficiency decreased in 2021 (12.0%, -2.1%) and 2022 (-3.4%, -128.2%) and increased in 2020 (12.2%, +13.2%), 2023 (3.2%, -193.4%), and 2024 (9.2%, +190.1%).

How does Ciena Corp's Asset Efficiency benchmark against competitors?

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We've identified the following companies as similar to Ciena Corp because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Asset Efficiency

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Asset Efficiency

A ratio that measures the amount of cash flow that a company generates from its assets.

Definition of Asset Efficiency

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Asset efficiency is an efficiency ratio that measures the cash flows created from assets without being skewed by income measurements. The asset efficiency is defined as:

"Asset Efficiency = Cash From Operations / Average Assets",

Asset Efficiency for Ciena is calculated as follows:

Cash From Operations [ 352.2 M ]
(/) Average Total Assets over Period [ 5.583 B ]
(=) Asset Efficiency [ 6.3% ]

The tables below summarises Ciena’s asset efficiency over the last five years:

Fiscal Year Cash From Operations Average Assets Asset Efficiency
2020-10-31 493.7 M 4.037 B 12.2%
2021-10-30 541.6 M 4.523 B 12.0%
2022-10-29 -167.8 M 4.967 B −3.4%
2023-10-28 168.3 M 5.336 B 3.2%
2024-11-02 514.5 M 5.621 B 9.2%

The tables below summarizes Ciena’s asset efficiency over the last four quarters:

Quarter Ending Cash From Operations Average Assets Asset Efficiency
2024-04-27 58.473 M NA NA
2024-07-27 -159.4 M NA NA
2024-11-02 349.4 M 3.817 B 9.2%
2025-02-01 103.7 M 1.644 B 6.3%

Click the link below to download a spreadsheet with an example Asset Efficiency calculation for Ciena Corp below:

Sector Benchmark Analysis

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