Bill Com Holdings Inc (BILL)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -174,164 | -295,773 | -316,818 | -113,967 | -34,198 |
| Total assets | US$ in thousands | 9,178,810 | 9,636,020 | 9,256,030 | 5,969,170 | 2,404,020 |
| Operating ROA | -1.90% | -3.07% | -3.42% | -1.91% | -1.42% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-174,164K ÷ $9,178,810K
= -1.90%
The operating return on assets (ROA) of Bill Com Holdings Inc has shown a declining trend over the past five years. As of June 30, 2020, the operating ROA stood at -1.42%, which decreased further to -1.91% by June 30, 2021. Subsequently, the operating ROA continued to deteriorate, reaching -3.42% by June 30, 2022. Although there was a slight improvement in performance by June 30, 2023, with the operating ROA at -3.07%, it again dipped to -1.90% by June 30, 2024. This downward trajectory suggests that the company may be experiencing challenges in generating operating profits relative to its asset base, indicating potential inefficiencies in its operations.
Peer comparison
Jun 30, 2024