Bill Com Holdings Inc (BILL)
Return on assets (ROA)
| Jun 30, 2025 | Mar 31, 2025 | 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 | 23,797 | 38,466 | 81,864 | 7,895 | -28,878 | -52,344 | -115,291 | -169,946 | -223,725 | -292,796 | -348,378 | -333,742 | -327,787 | -284,707 | -224,715 | -161,454 | -98,720 | -66,356 | -47,947 | -38,346 |
| Total assets | US$ in thousands | 10,064,000 | 9,632,640 | 9,674,210 | 9,045,060 | 9,303,690 | 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 | 0.24% | 0.40% | 0.85% | 0.09% | -0.31% | -0.57% | -1.17% | -1.77% | -2.32% | -3.12% | -3.58% | -3.61% | -3.54% | -3.10% | -2.36% | -1.89% | -1.65% | -1.75% | -1.17% | -1.55% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $23,797K ÷ $10,064,000K
= 0.24%
The analysis of Bill Com Holdings Inc.'s return on assets (ROA) over the provided period reveals a notable trajectory of gradual improvement. From September 30, 2020, through June 30, 2021, the company exhibited persistently negative ROA values, with a slight improvement from -1.55% to -1.65%, indicating ongoing challenges in generating profits relative to its asset base during this timeframe. These negative figures suggest that the company was not efficiently converting its assets into net income, likely reflecting operational or market difficulties.
Subsequent quarters show a consistent downward trend in negative ROA figures, reaching as low as -3.61% by September 30, 2022. This deteriorating trend indicates that the company's asset efficiency continued to decline, possibly due to increasing costs, diminished revenues, or strategic investments that had yet to yield positive returns.
However, starting from December 31, 2022, there is a gradual reversal in the trend. The ROA begins to approach zero, moving from -3.58% to -2.32% by June 30, 2023, and further improving to -1.77% by September 30, 2023. This shift suggests enhancements in operational efficiency or profitability, although the company remained in a negative territory.
Significantly, the data shows a turning point in the most recent periods. By December 31, 2024, the ROA crosses into positive territory at 0.85%, indicating that the company has moved towards generating net income more effectively relative to its assets. This positive turnaround continues into March and June 2025, with ROA values of 0.40% and 0.24%, respectively.
Overall, the historical trend in Bill Com Holdings Inc.'s ROA reflects an initial phase of operational challenges leading to sustained negative profitability. This has been followed by a progressive improvement, culminating in positive ROA figures that suggest a recovery and potential enhancement in asset utilization efficiency in recent periods.
Peer comparison
Jun 30, 2025