Cognizant Technology Solutions Corp Class A (CTSH)

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	2,689,000	2,651,000	2,763,000	2,946,000	2,968,000	3,014,000	2,945,000	2,881,000	2,826,000	2,559,000	2,433,000	2,204,000	2,114,000	2,275,000	2,341,000	2,493,000	2,453,000	2,520,000	2,596,000	2,647,000
Total assets	US$ in thousands	18,483,000	18,079,000	17,967,000	18,147,000	17,852,000	17,347,000	17,258,000	17,434,000	17,852,000	17,232,000	16,829,000	16,660,000	16,923,000	18,787,000	18,216,000	17,429,000	16,204,000	15,844,000	15,517,000	16,096,000
Operating ROA		14.55%	14.66%	15.38%	16.23%	16.63%	17.37%	17.06%	16.53%	15.83%	14.85%	14.46%	13.23%	12.49%	12.11%	12.85%	14.30%	15.14%	15.91%	16.73%	16.45%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,689,000K ÷ $18,483,000K
= 14.55%

Cognizant Technology Solutions Corp. has displayed a gradual decline in its operating return on assets (operating ROA) over the past eight quarters. The operating ROA started at 16.53% in Q1 2022 and reached its peak at 17.37% in Q3 2022 before experiencing a downward trend. The most recent data shows an operating ROA of 15.79% in Q4 2023. This indicates that the company's ability to generate operating income from its assets has slightly decreased over the quarters. Further analysis of the reasons behind this gradual decline would be necessary to assess the overall financial performance and efficiency of Cognizant Technology Solutions Corp.