CSG Systems International Inc (CSGS)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 66,246 | 44,060 | 72,331 | 58,711 | 82,770 |
| Total assets | US$ in thousands | 1,443,050 | 1,348,550 | 1,387,150 | 1,332,000 | 1,283,030 |
| ROA | 4.59% | 3.27% | 5.21% | 4.41% | 6.45% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $66,246K ÷ $1,443,050K
= 4.59%
The return on assets (ROA) for CSG Systems International Inc. has fluctuated over the past five years. In 2023, the ROA increased to 4.59% from 3.27% in 2022, indicating an improvement in the company's ability to generate profits relative to its total assets. However, the ROA in 2023 was lower than the ROA in 2019, which was at 6.45%.
The ROA in 2021 was 5.21%, showing a positive trend compared to the previous year. In contrast, the ROA decreased slightly to 4.41% in 2020 from 5.21% in 2021.
Overall, the ROA for CSG Systems International Inc. has shown variability over the years, with periods of improvement and decline. It is important for the company to continue monitoring and optimizing its asset utilization efficiency to maintain a healthy return on assets.
Peer comparison
Dec 31, 2023