Appfolio Inc (APPF)

Return on assets (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
Net income (ttm)	US$ in thousands	204,068	131,602	125,041	76,475	2,702	-47,266	-77,873	-88,942	-68,119	-49,750	-45,729	-13,738	1,028	1,846	139,663	156,899	158,403	163,344	30,646	34,540
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
ROA		32.56%	25.15%	26.09%	17.43%	0.66%	-12.48%	-22.16%	-23.99%	-17.87%	-12.93%	-12.18%	-3.43%	0.25%	0.45%	35.00%	41.43%	40.67%	42.29%	9.57%	11.77%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $204,068K ÷ $626,678K
= 32.56%

Appfolio Inc's Return on Assets (ROA) shows a fluctuating trend over the analyzed periods. The ROA was relatively stable and positive in the range of 9.57% to 42.29% from June 2020 to March 2021, indicating efficient asset utilization to generate profit. However, starting from September 2021, the ROA declined significantly, reaching negative values by March 2022.

The negative ROA continued until June 2023, indicating that the company's assets were not generating sufficient profits during this period. The ROA began to recover in the following periods, turning positive by December 2023. The positive trend continued in the subsequent periods, with ROA ranging from 17.43% to 32.56% by December 2024.

Overall, the analysis of Appfolio Inc's ROA suggests fluctuations in the company's ability to generate profits from its assets, with a significant recovery after facing negative ROA values in the past. It will be essential for stakeholders to monitor the ROA to ensure sustained profitability and efficient asset utilization in the future.