Bill Com Holdings Inc (BILL)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -28,878 | -223,725 | -326,361 | -98,720 | -31,091 |
| Total assets | US$ in thousands | 9,178,810 | 9,636,020 | 9,256,030 | 5,969,170 | 2,404,020 |
| ROA | -0.31% | -2.32% | -3.53% | -1.65% | -1.29% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $-28,878K ÷ $9,178,810K
= -0.31%
Based on the data provided, Bill Com Holdings Inc's return on assets (ROA) has been fluctuating over the years. The ROAs for the periods ending June 30, 2020 through June 30, 2024 were as follows: -1.29%, -1.65%, -3.53%, -2.32%, and -0.31% respectively.
The negative values indicate that the company is not generating favorable returns on its assets during these periods. A negative ROA suggests that the company is not effectively utilizing its assets to generate profits.
The declining trend in ROA from 2020 to 2022, followed by a slight improvement in 2023 and a further improvement in 2024, may indicate some challenges in the company's operations or profitability during the earlier years, with potential signs of recovery in the more recent periods.
It is important for Bill Com Holdings Inc to closely monitor and potentially improve its asset management efficiency to enhance its ROA and overall financial performance in the future.
Peer comparison
Jun 30, 2024