Agilysys Inc (AGYS)

Operating return on assets (Operating ROA)

		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	Jun 30, 2019
Operating income (ttm)	US$ in thousands	15,751	15,704	11,435	10,800	12,875	10,987	9,117	7,310	6,318	-19,997	-23,420	-18,490	-20,954	-23,122	-24,007	-32,938	-34,059	-10,879	-12,061	-12,984
Total assets	US$ in thousands	350,430	346,658	255,214	251,347	243,036	246,161	220,766	208,759	214,162	202,338	188,100	189,485	189,873	189,201	173,714	176,103	154,562	171,828	163,795	167,448
Operating ROA		4.49%	4.53%	4.48%	4.30%	5.30%	4.46%	4.13%	3.50%	2.95%	-9.88%	-12.45%	-9.76%	-11.04%	-12.22%	-13.82%	-18.70%	-22.04%	-6.33%	-7.36%	-7.75%

March 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $15,751K ÷ $350,430K
= 4.49%

Agilysys Inc's operating return on assets (operating ROA) has shown fluctuations over the past several quarters. The operating ROA improved from 4.13% in September 2022 to reach its peak of 5.30% in March 2023, indicating better efficiency in generating operating profits relative to its total assets. However, there was a decline in the operating ROA to 4.30% in June 2023, which further decreased to 4.49% by March 2024.

Overall, Agilysys Inc has demonstrated a positive trend in its operating ROA in recent quarters, showing an ability to effectively utilize its assets to generate operating income. It is important for the company to sustain or improve its operating ROA to enhance profitability and efficiency in its operations.