Bill Com Holdings Inc (BILL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 81,864 | 7,895 | -28,878 | -52,344 | -115,291 | -169,946 | -223,725 | -292,796 | -348,378 | -333,742 | -326,361 | -283,281 | -223,289 | -160,028 | -98,720 | -66,356 | -47,947 | -38,346 |
| Total assets | US$ in thousands | 9,674,210 | 9,045,060 | 9,178,810 | 9,122,260 | 9,872,410 | 9,620,380 | 9,636,020 | 9,380,880 | 9,738,270 | 9,253,100 | 9,256,030 | 9,183,840 | 9,510,960 | 8,564,200 | 5,969,170 | 3,800,160 | 4,082,420 | 2,479,210 |
| ROA | 0.85% | 0.09% | -0.31% | -0.57% | -1.17% | -1.77% | -2.32% | -3.12% | -3.58% | -3.61% | -3.53% | -3.08% | -2.35% | -1.87% | -1.65% | -1.75% | -1.17% | -1.55% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $81,864K ÷ $9,674,210K
= 0.85%
Bill Com Holdings Inc's return on assets (ROA) has shown a deteriorating trend over the last few quarters, declining from -1.55% in September 2020 to 0.85% in December 2024. The ROA remained negative for most of the period, indicating that the company's net income generated from its assets was insufficient to cover its total assets.
The negative ROA figures suggest that the company may be facing challenges in effectively utilizing its assets to generate profits. However, the recent improvement in ROA to 0.85% in December 2024 is a positive sign, indicating a potential turnaround in the company's asset productivity. It would be important to monitor future ROA figures to assess if this improvement is sustainable and if the company can continue to enhance its profitability relative to its asset base.
Peer comparison
Dec 31, 2024