ANGI Homeservices Inc (ANGI)
Return on assets (ROA)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 52,741 | 36,004 | 31,733 | -8,784 | -27,243 | -40,612 | -88,312 | -100,395 | -109,693 | -127,980 | -100,744 | -100,300 | -106,596 | -71,378 | -59,821 | -38,354 | 4,606 | -6,283 | 8,074 | 21,601 |
| Total assets | US$ in thousands | 1,805,530 | 1,830,740 | 1,856,010 | 1,852,460 | 1,834,980 | 1,856,220 | 1,905,760 | 1,902,220 | 1,888,900 | 1,907,780 | 1,968,160 | 2,017,520 | 2,004,820 | 2,010,140 | 2,075,040 | 2,106,730 | 2,301,590 | 2,368,180 | 2,414,600 | 1,925,390 |
| ROA | 2.92% | 1.97% | 1.71% | -0.47% | -1.48% | -2.19% | -4.63% | -5.28% | -5.81% | -6.71% | -5.12% | -4.97% | -5.32% | -3.55% | -2.88% | -1.82% | 0.20% | -0.27% | 0.33% | 1.12% |
March 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $52,741K ÷ $1,805,530K
= 2.92%
The analysis of ANGI Homeservices Inc.'s return on assets (ROA) from June 30, 2020, through March 31, 2025, indicates a fluctuating trajectory characterized by periods of significant negative performance followed by gradual improvement.
Initially, the ROA was positive at 1.12% as of June 30, 2020, suggesting that the company was generating net income relative to its total assets during this period. However, this positive momentum diminished over subsequent quarters, culminating in negative ROA figures starting from December 31, 2020. The ROA steadily declined through 2021 and into early 2022, reaching its lowest point at -6.71% on December 31, 2022. This extended period of negative ROA reflects that the company was incurring losses relative to its assets, potentially indicating operational challenges, increased expenses, or a strategic phase of investment that had yet to yield positive returns.
From the beginning of 2023 onward, there is a notable turnaround in the ROA trend. By March 31, 2023, the figure remained negative at -5.81%, but subsequent quarters demonstrated consistent improvement. The ROA moved gradually closer to zero, reaching -0.47% on June 30, 2024, and crossing into positive territory at 1.71% by September 30, 2024. The upward momentum continued with the ROA increasing further to 2.92% by March 31, 2025.
This transition from negative to positive ROA indicates a meaningful shift in the company's profitability relative to its assets. It suggests that ANGI Homeservices Inc. has been executing strategic initiatives, operational improvements, or market conditions conducive to generating net income from its asset base. The trajectory shows an initial period of losses that persisted for over two years, followed by a steady recovery phase that aligns with a potential stabilization or growth phase of the company.
In summary, the company's ROA history depicts a challenging period of losses disrupted by a recent and pronounced positive trend, reflecting possibly improved operational efficiency, favorable market conditions, or successful strategic initiatives in the recent fiscal periods.
Peer comparison
Mar 31, 2025