Dynatrace Holdings LLC (DT)
Return on assets (ROA)
Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
---|---|---|---|---|---|---|
Net income | US$ in thousands | 154,632 | 107,959 | 52,451 | 75,714 | -413,817 |
Total assets | US$ in thousands | 3,409,780 | 2,765,350 | 2,541,310 | 2,256,220 | 2,046,880 |
ROA | 4.53% | 3.90% | 2.06% | 3.36% | -20.22% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $154,632K ÷ $3,409,780K
= 4.53%
Dynatrace Holdings LLC's return on assets (ROA) has shown a positive trend over the past five years, indicating an improvement in the company's ability to generate profit from its assets. The ROA increased from -20.22% in 2020 to 4.53% in 2024, reflecting a significant turnaround in the company's asset utilization efficiency.
In 2021, the ROA was 3.36%, slightly lower than the subsequent years but still showing a strong performance. This was followed by a further increase to 3.90% in 2023, demonstrating continued growth in asset efficiency.
However, in 2022, there was a slight dip in ROA to 2.06%, which might suggest a temporary slowdown in asset productivity. Nonetheless, the subsequent years' improvements indicate that the company took corrective measures and enhanced its asset management strategies.
Overall, Dynatrace Holdings LLC's improving ROA trend suggests that the company is effectively utilizing its assets to generate profits and create shareholder value.
Peer comparison
Mar 31, 2024