Sprinklr Inc (CXM)
Return on assets (ROA)
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 51,403 | -55,742 | -111,470 |
| Total assets | US$ in thousands | 1,223,110 | 1,024,990 | 920,046 |
| ROA | 4.20% | -5.44% | -12.12% |
January 31, 2024 calculation
ROA = Net income ÷ Total assets
= $51,403K ÷ $1,223,110K
= 4.20%
Sprinklr Inc's return on assets (ROA) has shown significant improvement over the past three fiscal years. In January 2024, the ROA stood at 4.20%, reflecting a positive trend compared to the negative ROA figures recorded in the previous two years. In January 2023, the ROA was -5.44%, indicating that the company was not effectively utilizing its assets to generate profits. The ROA was even lower in January 2022, at -12.12%, signifying a substantial decline in asset efficiency and profitability.
The positive ROA in 2024 suggests that Sprinklr Inc has been able to enhance its asset utilization and generate better returns for its investors. It is essential for the company to sustain and potentially improve this trend to ensure continued financial health and long-term success.
Peer comparison
Jan 31, 2024