Bill Com Holdings Inc (BILL)

Return on assets (ROA)

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Net income	US$ in thousands	23,799	-28,878	-223,725	-326,361	-98,720
Total assets	US$ in thousands	10,064,000	9,178,810	9,636,020	9,256,030	5,969,170
ROA		0.24%	-0.31%	-2.32%	-3.53%	-1.65%

June 30, 2025 calculation

ROA = Net income ÷ Total assets
= $23,799K ÷ $10,064,000K
= 0.24%

The analysis of Bill Com Holdings Inc.'s return on assets (ROA) over the period from June 30, 2021, to June 30, 2025, reveals a significant trend towards improvement in asset profitability. During the year ending June 30, 2021, the company exhibited a negative ROA of -1.65%, indicating that the company was operating at a loss relative to its total assets. This negative return widened further in the subsequent year ending June 30, 2022, with a ROA of -3.53%, suggesting an increase in asset-related losses and potentially deteriorating operational efficiency or declining profitability.

By June 30, 2023, the ROA improved to -2.32%, reflecting a partial recovery from the previous year's decline but still remaining in negative territory. This improvement indicates that the company was possibly engaging in measures to improve asset utilization or reduce operational losses, although profitability had yet to turn positive.

The year ending June 30, 2024, marked a substantial positive shift in the company's ROA, with the metric moving to -0.31%. This near-zero figure suggests that the company was approaching breaking even on its assets, signaling a potential turnaround or increased operational efficiency.

Most notably, by June 30, 2025, the ROA had turned positive, reaching 0.24%. This indicates that Bill Com Holdings Inc. started generating positive returns on its assets, demonstrating a significant improvement in profitability and operational performance. The transition from negative to positive ROA over this period could be attributed to strategic initiatives, cost management, revenue growth, or other operational improvements.

Overall, the trend shows a substantial recovery and positive momentum, with the company moving from operating at a loss on its assets to generating modest positive returns, suggesting a potentially favorable shift in its financial health and operational efficiency by mid-2025.