Box Inc (BOX)
Operating return on assets (Operating ROA)
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 50,753 | 36,840 | -27,626 | -37,642 | -139,472 |
| Total assets | US$ in thousands | 1,241,160 | 1,207,160 | 1,392,010 | 1,351,680 | 959,991 |
| Operating ROA | 4.09% | 3.05% | -1.98% | -2.78% | -14.53% |
January 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $50,753K ÷ $1,241,160K
= 4.09%
Box Inc's operating return on assets (operating ROA) has shown a positive trend over the past five years, increasing from -14.53% in January 2020 to 4.09% in January 2024. This improvement suggests that Box Inc has been able to generate more operating income relative to its assets over the years. The significant increase in operating ROA indicates efficiency in utilizing assets to generate operating profits. It is important to note that a negative operating ROA in January 2022 and 2021 implies that the company's operating income was insufficient to cover asset costs, indicating potential financial challenges during those periods. Overall, the positive trend in operating ROA reflects improving operational performance and better asset utilization by Box Inc.
Peer comparison
Jan 31, 2024