PC Connection Inc (CNXN)
Return on assets (ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 82,111 | 81,445 | 71,461 | 66,019 |
| Total assets | US$ in thousands | 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 | 937,335 | 870,648 | 911,802 | 828,449 |
| ROA | 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% | 8.76% | 9.35% | 7.84% | 7.97% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $83,271K ÷ $1,188,380K
= 7.01%
PC Connection, Inc.'s return on assets (ROA) has shown a steady performance over the past eight quarters. The ROA figures have ranged from 6.52% to 8.18%, with the Q4 2022 value being the highest at 8.18%. The ROA for Q4 2023 stands at 7.01%, indicating a slight decrease from the previous quarter. Despite this slight decline, the company has consistently maintained ROA levels above 6.5%, demonstrating its ability to generate earnings relative to its total assets. The consistent performance of ROA suggests that PC Connection, Inc. has been effectively utilizing its assets to generate profits, albeit with some fluctuations. Further analysis would be needed to understand the specific drivers behind these changes in ROA over time.
Peer comparison
Dec 31, 2023