Agilysys Inc (AGYS)

Return on assets (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
Net income (ttm)	US$ in thousands	86,195	87,309	14,060	13,091	14,582	12,489	10,139	7,545	6,478	-19,785	-23,397	-18,512	-21,001	-23,712	-24,224	-33,009	-34,067	-10,664	-12,130	-13,003
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
ROA		24.60%	25.19%	5.51%	5.21%	6.00%	5.07%	4.59%	3.61%	3.02%	-9.78%	-12.44%	-9.77%	-11.06%	-12.53%	-13.94%	-18.74%	-22.04%	-6.21%	-7.41%	-7.77%

March 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $86,195K ÷ $350,430K
= 24.60%

The return on assets (ROA) of Agilysys Inc has exhibited significant fluctuations over the past few quarters. In the most recent period ending March 31, 2024, the ROA stood at 24.60%, representing a notable increase from the previous quarter. This suggests that the company generated $0.246 in profit for every dollar of assets it possessed during the period.

Looking at the trend over the past few quarters, there has been an overall improvement in the company's ROA performance since the negative values reported in late 2021. This improvement indicates that Agilysys has been able to enhance its efficiency in generating profits from its assets.

It is important to note that while the ROA has shown positive growth, there have been periods of decline as well, particularly in the second half of 2021, where the company experienced negative ROA figures. These negative values may indicate inefficiencies in asset utilization or declining profitability during those periods.

Overall, Agilysys Inc's recent ROA performance indicates a positive trend in profitability relative to its asset base. However, investors and stakeholders should continue to monitor future ROA figures to assess the company's ability to sustain and improve its profitability in the long term.