Appfolio Inc (APPF)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 204,068 | 2,702 | -68,119 | 1,028 | 158,403 |
| Total assets | US$ in thousands | 626,678 | 408,889 | 381,217 | 408,017 | 389,480 |
| ROA | 32.56% | 0.66% | -17.87% | 0.25% | 40.67% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $204,068K ÷ $626,678K
= 32.56%
Appfolio Inc's return on assets (ROA) has displayed significant fluctuations over the past five years. In 2020, the company achieved a remarkable ROA of 40.67%, indicating efficient utilization of its assets to generate profits. However, in 2021, Appfolio's ROA decreased substantially to 0.25%, suggesting a decline in asset productivity.
By the end of 2022, the company's ROA turned negative, standing at -17.87%. This negative ROA implies that Appfolio may have experienced difficulties in generating earnings from its assets during that period. However, Appfolio managed to improve its asset efficiency in 2023, with an ROA of 0.66%, indicating a partial recovery.
In 2024, Appfolio's ROA surged to 32.56%, signifying a significant improvement in asset productivity and profitability. Overall, Appfolio's ROA trend reflects fluctuations in the company's ability to generate profits relative to its total assets, showcasing both challenges and successes in asset management and operational efficiency.
Peer comparison
Dec 31, 2024