PC Connection Inc (CNXN)
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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 87,095 | 90,152 | 88,691 | 82,227 | 83,271 | 78,316 | 75,924 | 81,625 | 89,219 | 92,781 | 89,620 | 81,514 | 69,906 | 63,817 | 60,702 | 51,053 | 55,765 | 61,435 | 68,255 | 84,280 |
| Total assets | US$ in thousands | 1,299,350 | 1,285,740 | 1,283,480 | 1,161,060 | 1,188,380 | 1,181,430 | 1,164,280 | 1,118,060 | 1,099,830 | 1,134,120 | 1,123,630 | 1,100,820 | 1,083,380 | 1,013,930 | 1,031,270 | 958,386 | 1,015,370 | 1,003,330 | 954,340 | 913,192 |
| ROA | 6.70% | 7.01% | 6.91% | 7.08% | 7.01% | 6.63% | 6.52% | 7.30% | 8.11% | 8.18% | 7.98% | 7.40% | 6.45% | 6.29% | 5.89% | 5.33% | 5.49% | 6.12% | 7.15% | 9.23% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $87,095K ÷ $1,299,350K
= 6.70%
PC Connection Inc's return on assets (ROA) has shown some fluctuations over the past few years. The trend indicates a gradual decline in ROA from 9.23% as of March 31, 2020, to a low of 5.33% by March 31, 2021, indicating a decrease in the company's ability to generate profits from its assets during that period.
However, there was a slight improvement in ROA in the subsequent quarters, with ROA reaching a peak of 8.18% as of September 30, 2022. This improvement suggests that the company may have made operational adjustments or strategic decisions that positively impacted its profitability relative to its asset base.
Following this peak, the ROA figures have been relatively stable, hovering around the range of 6.50% to 7.40%. Although there have been fluctuations, the ROA has generally remained within this range up to December 31, 2024. This stability may indicate that the company has been able to manage its assets effectively to generate a consistent level of returns.
Overall, while the ROA of PC Connection Inc has shown variations over the years, the recent trend of relative stability in the range of 6.50% to 7.40% suggests that the company has been able to maintain a level of profitability relative to its asset base, although it is important to monitor future trends to assess the company's performance in utilizing its assets efficiently.
Peer comparison
Dec 31, 2024