Dropbox Inc (DBX)

Return on assets (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
Net income (ttm)	US$ in thousands	453,600	554,600	523,700	542,500	553,200	349,500	341,900	367,900	335,800	-134,600	-177,500	-248,000	-256,300	82,900	33,200	-5,700	-52,700	-55,600	-44,400	-27,100
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
ROA		15.20%	18.42%	17.82%	18.12%	17.79%	12.93%	12.39%	12.90%	10.86%	-4.03%	-5.33%	-7.50%	-10.74%	2.90%	1.21%	-0.21%	-1.95%	-2.24%	-1.88%	-1.27%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $453,600K ÷ $2,983,500K
= 15.20%

Dropbox Inc's return on assets (ROA) has displayed a generally positive trend over the past eight quarters, with fluctuations within a relatively close range. In the most recent quarter, Q4 2023, the ROA stood at 15.20%, showing a slight decrease from the previous quarter at 18.42% in Q3 2023. However, the ROA in Q4 2023 remains above the levels recorded in the earlier quarters of 2022, indicating an overall improvement in asset utilization efficiency.

The company achieved its highest ROA in Q3 2023 at 18.42%, indicating the efficient generation of earnings relative to its assets during that period. Despite minor fluctuations, Dropbox Inc has generally been able to maintain a healthy ROA above 15% throughout the analyzed period, reflecting effective management of assets to generate profits.

The trend in Dropbox Inc's ROA suggests that the company has been successful in utilizing its assets to generate earnings, with fluctuations reflecting potentially varying efficiency levels in asset management over the quarters. Monitoring ROA over time can provide insights into the company's operational efficiency and overall financial performance.