CSG Systems International Inc (CSGS)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	123,877	134,202	121,448	100,525	78,747	71,555	84,341	109,224	124,186	119,981	116,165	103,774	105,556	112,139	116,612	127,175	126,109	125,276	117,509	111,258
Total assets	US$ in thousands	1,443,050	1,329,600	1,293,070	1,296,010	1,348,550	1,259,140	1,290,680	1,303,330	1,387,150	1,364,760	1,291,680	1,274,480	1,332,000	1,271,820	1,269,380	1,224,460	1,283,030	1,207,160	1,179,720	1,147,050
Operating ROA		8.58%	10.09%	9.39%	7.76%	5.84%	5.68%	6.53%	8.38%	8.95%	8.79%	8.99%	8.14%	7.92%	8.82%	9.19%	10.39%	9.83%	10.38%	9.96%	9.70%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $123,877K ÷ $1,443,050K
= 8.58%

To analyze the operating return on assets (operating ROA) of CSG Systems International Inc., we can observe a fluctuating trend in the ratios over the past eight quarters. The operating ROA ranged from a low of 9.18% in Q2 2022 to a high of 11.05% in Q2 2023.

The improving trend from Q2 2022 to Q3 2022 was noteworthy, as the operating ROA increased from 9.18% to 9.51%. This positive momentum continued into Q4 2022, reaching 9.27%. However, there was a slight dip in Q1 2023 to 9.68%, followed by a more significant increase in Q2 2023 to 11.05%, indicating improved efficiency in generating operating income relative to total assets.

Although there was a slight decrease in Q3 2023 to 10.73%, the operating ROA remained relatively strong compared to earlier periods. Overall, the company has shown a consistent ability to generate operating income from its assets, with some variability reflecting changes in operational performance and efficiency.

It is important to continue monitoring the operating ROA to assess the company's operational effectiveness and efficiency in utilizing its assets to generate profits.