Appfolio Inc (APPF)
Operating return on assets (Operating ROA)
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 135,644 | 140,925 | 98,290 | 61,583 | 963 | -47,228 | -54,980 | -84,231 | -72,370 | -59,760 | -51,954 | -20,878 | -11,878 | -7,288 | -3,915 | 1,284 | 9,783 | 12,624 | 13,398 | 9,349 |
| Total assets | US$ in thousands | 626,678 | 523,297 | 479,317 | 438,770 | 408,889 | 378,600 | 351,359 | 370,700 | 381,217 | 384,882 | 375,428 | 400,034 | 408,017 | 407,387 | 399,072 | 378,697 | 389,480 | 386,272 | 320,351 | 293,427 |
| Operating ROA | 21.64% | 26.93% | 20.51% | 14.04% | 0.24% | -12.47% | -15.65% | -22.72% | -18.98% | -15.53% | -13.84% | -5.22% | -2.91% | -1.79% | -0.98% | 0.34% | 2.51% | 3.27% | 4.18% | 3.19% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $135,644K ÷ $626,678K
= 21.64%
Appfolio Inc's operating return on assets (operating ROA) has displayed significant fluctuations over the reported periods. From March 31, 2020, to December 31, 2023, the company experienced a consistent decline in operating ROA, reaching negative percentages as low as -22.72% by March 31, 2023. This trend indicates operational inefficiencies or challenges that impacted the company's ability to generate profits from its assets during this period.
However, a notable turnaround occurred starting from March 31, 2024, where the operating ROA showed a substantial improvement, reaching 14.04% and further increasing to 26.93% by September 30, 2024. This positive momentum suggests that the company implemented corrective measures or operational enhancements that led to a more efficient utilization of its assets, resulting in improved profitability.
Overall, the fluctuating trend in Appfolio Inc's operating ROA reflects a period of operational challenges followed by a resurgence in performance, highlighting the importance of monitoring financial ratios to assess the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2024