Dropbox Inc (DBX)

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	538,700	190,900	149,500	175,900	181,300	331,900	319,900	321,400	274,400	-142,400	-189,700	-261,300	-277,000	63,000	14,400	-32,400	-80,500	-85,900	-76,200	-49,400
Total assets	US$ in thousands	2,983,500	3,010,600	2,938,600	2,993,700	3,110,100	2,702,800	2,758,800	2,852,000	3,091,300	3,339,100	3,328,100	3,307,300	2,387,200	2,862,300	2,742,300	2,717,300	2,699,200	2,486,600	2,364,900	2,128,600
Operating ROA		18.06%	6.34%	5.09%	5.88%	5.83%	12.28%	11.60%	11.27%	8.88%	-4.26%	-5.70%	-7.90%	-11.60%	2.20%	0.53%	-1.19%	-2.98%	-3.45%	-3.22%	-2.32%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $538,700K ÷ $2,983,500K
= 18.06%

Dropbox Inc's operating return on assets (ROA) has been fluctuating over the past eight quarters. The operating ROA ranged from 10.83% to 13.27% during this period. The highest operating ROA was recorded in Q3 2022 at 13.27%, while the lowest was in Q2 2023 at 10.83%. Overall, the operating ROA has shown some variability but has generally remained within a relatively narrow range, indicating that the company has been able to efficiently generate operating profits relative to its total assets. This suggests that Dropbox Inc has been effectively managing its assets to generate operating income throughout this period.