Dropbox Inc (DBX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 453,600 | 553,200 | 335,800 | -256,300 | -52,700 |
| Total assets | US$ in thousands | 2,983,500 | 3,110,100 | 3,091,300 | 2,387,200 | 2,699,200 |
| ROA | 15.20% | 17.79% | 10.86% | -10.74% | -1.95% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $453,600K ÷ $2,983,500K
= 15.20%
Dropbox Inc's return on assets (ROA) has varied significantly over the past five years. In 2023, the ROA was 15.20%, representing a decline from the previous year's 17.79%. Despite this decline, the company's ROA remains relatively strong compared to the negative figures observed in 2020 and 2019 (-10.74% and -1.95%, respectively). The positive ROA in recent years indicates that Dropbox has been effectively generating profits from its assets, although there was a slight decrease in 2023. Overall, the trend in ROA suggests that Dropbox has been able to improve its asset utilization and profitability over the past few years.
Peer comparison
Dec 31, 2023