Box Inc (BOX)

Return on assets (ROA)

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Net income (ttm)	US$ in thousands	129,032	50,326	49,578	39,832	26,783	1,929	-21,840	-31,585	-41,459	-42,077	-33,500	-32,456	-43,433	-68,880	-104,492	-133,070	-144,348	-133,652	-132,952	-134,803
Total assets	US$ in thousands	1,241,160	1,033,820	1,068,140	1,108,670	1,207,160	1,056,450	1,066,310	1,171,590	1,392,010	1,405,080	1,525,610	1,310,130	1,351,680	941,561	960,511	948,913	959,991	843,918	827,316	825,721
ROA		10.40%	4.87%	4.64%	3.59%	2.22%	0.18%	-2.05%	-2.70%	-2.98%	-2.99%	-2.20%	-2.48%	-3.21%	-7.32%	-10.88%	-14.02%	-15.04%	-15.84%	-16.07%	-16.33%

January 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $129,032K ÷ $1,241,160K
= 10.40%

The return on assets (ROA) of Box Inc has shown a fluctuating trend over the past several periods. The company's ROA has gradually improved from negative figures in previous periods to positive values in recent quarters. For instance, as of January 31, 2024, the ROA stands at 10.40%, indicating an improvement in the company's ability to generate profit from its assets.

The positive trend in ROA signifies that Box Inc has been able to efficiently utilize its assets to generate profits for shareholders. This improvement could be attributed to various factors such as operational efficiency, increased sales, or effective cost management measures implemented by the company.

It is essential for Box Inc to sustain this positive trajectory in ROA to demonstrate its financial stability and profitability in the long run. Continuously monitoring and optimizing the utilization of assets will be crucial for maintaining and potentially increasing the ROA in future periods.