CSG Systems International Inc (CSGS)

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	66,246	73,725	67,512	58,875	44,060	41,160	44,809	58,813	72,331	68,347	65,783	56,828	58,711	68,027	76,020	85,033	82,770	81,087	75,629	71,367
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
ROA		4.59%	5.54%	5.22%	4.54%	3.27%	3.27%	3.47%	4.51%	5.21%	5.01%	5.09%	4.46%	4.41%	5.35%	5.99%	6.94%	6.45%	6.72%	6.41%	6.22%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $66,246K ÷ $1,443,050K
= 4.59%

ROA is a key financial ratio that measures a company's ability to generate profits from its assets. In the case of CSG Systems International Inc., the ROA has shown a generally positive trend in recent quarters. The ROA ranged from 3.27% to 5.54% over the past eight quarters, with an average of approximately 4.38%.

The higher ROA figures in Q3 2023 and Q2 2023, at 5.54% and 5.22% respectively, indicate a more efficient utilization of assets to generate profits during those periods. However, the ROA dipped slightly in Q4 2023 to 4.59%, which could suggest either a decrease in profitability relative to the assets employed or a change in the asset base.

Overall, the company's ROA performance suggests a reasonable level of profitability relative to its asset base, although there may be fluctuations in efficiency from quarter to quarter. It would be beneficial to further investigate the factors influencing these fluctuations to gain a more comprehensive understanding of CSG Systems International Inc.'s asset management and profitability.