Dropbox Inc (DBX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 452,300 | 453,600 | 553,200 | 335,800 | -256,300 |
| Total assets | US$ in thousands | 3,325,200 | 2,983,500 | 3,110,100 | 3,091,300 | 2,387,200 |
| ROA | 13.60% | 15.20% | 17.79% | 10.86% | -10.74% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $452,300K ÷ $3,325,200K
= 13.60%
Dropbox Inc's return on assets (ROA) has shown a significant improvement over the years. The ROA was negative at -10.74% as of December 31, 2020, indicating a potential inefficiency in asset utilization. However, the company managed to turn this around and achieve a positive ROA of 10.86% by December 31, 2021. Subsequently, there was a notable increase in ROA to 17.79% by December 31, 2022, showcasing improved profitability relative to its assets.
The trend continued positively as the ROA remained high at 15.20% by December 31, 2023, indicating sustained efficiency in generating profits from its assets. Despite a slight decrease to 13.60% by December 31, 2024, Dropbox Inc has generally demonstrated strong performance in utilizing its assets to generate returns for its stakeholders. This consistent improvement in ROA reflects well on the company's management of its asset base to drive profitability.
Peer comparison
Dec 31, 2024