Aspen Technology Inc (AZPN)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -9,771 | -27,153 | -86,344 | -131,041 | -107,760 | -81,930 | -27,575 | |||
| Total assets | US$ in thousands | 14,071,700 | 14,109,400 | 14,227,800 | 14,240,700 | 14,486,100 | 14,566,900 | 14,900,700 | 14,971,400 | 14,969,900 | 0 |
| ROA | -0.07% | -0.19% | -0.61% | -0.92% | -0.74% | -0.56% | -0.19% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-9,771K ÷ $14,071,700K
= -0.07%
Aspen Technology Inc's return on assets (ROA) has been fluctuating over the past few quarters. The ROA for the most recent quarter, June 30, 2024, is -0.07%, indicating that the company generated a negative return relative to its total assets. This marks a slight improvement compared to the previous quarter's ROA of -0.19%.
Looking back further, Aspen Technology's ROA has been consistently negative, with values ranging from -0.19% to -0.92% over the past few quarters. This suggests that the company has been struggling to effectively utilize its assets to generate profits.
Overall, Aspen Technology Inc's ROA trend indicates that the company may be facing challenges in generating returns from its assets efficiently. It is essential for the company to closely monitor and improve its asset utilization to enhance profitability and investor confidence.
Peer comparison
Jun 30, 2024