Now Inc (DNOW)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 81,000 | 205,000 | 227,000 | 237,000 | 247,000 | 131,000 | 137,000 | 129,000 | 128,000 | 109,000 | 73,000 | 45,000 | 5,000 | -51,000 | -78,000 | -106,000 | -427,000 | -522,000 | -490,000 | -446,000 |
| Total assets | US$ in thousands | 1,621,000 | 1,587,000 | 1,563,000 | 1,594,000 | 1,529,000 | 1,376,000 | 1,420,000 | 1,329,000 | 1,320,000 | 1,282,000 | 1,202,000 | 1,162,000 | 1,104,000 | 1,104,000 | 1,070,000 | 1,026,000 | 1,008,000 | 1,039,000 | 1,069,000 | 1,196,000 |
| ROA | 5.00% | 12.92% | 14.52% | 14.87% | 16.15% | 9.52% | 9.65% | 9.71% | 9.70% | 8.50% | 6.07% | 3.87% | 0.45% | -4.62% | -7.29% | -10.33% | -42.36% | -50.24% | -45.84% | -37.29% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $81,000K ÷ $1,621,000K
= 5.00%
Now Inc's Return on Assets (ROA) provides insight into how effectively the company is generating profits from its assets. From March 31, 2020, to June 30, 2021, Now Inc's ROA was negative, indicating that the company was not efficiently utilizing its assets to generate profits during this period.
Starting from March 31, 2022, the company's ROA turned positive and showed a steady increase over the subsequent quarters. This positive trend continued until December 31, 2023, with significant improvements in ROA, indicating a higher level of profitability relative to its asset base.
However, from March 31, 2024, to December 31, 2024, Now Inc experienced a decline in ROA. This decrease suggests a potential decrease in the company's profitability compared to the size of its assets during the last quarter.
Overall, Now Inc's ROA trend shows a mix of negative and positive performances over the analyzed periods, indicating fluctuations in asset efficiency and profitability. Further analysis of the company's operational and financial strategies could provide additional insights into the factors influencing these fluctuations in ROA.
Peer comparison
Dec 31, 2024