Etsy Inc (ETSY)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	303,281	307,568	-694,288	493,507	349,246
Total assets	US$ in thousands	2,417,780	2,685,400	2,634,960	3,831,810	2,404,490
ROA		12.54%	11.45%	-26.35%	12.88%	14.52%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $303,281K ÷ $2,417,780K
= 12.54%

Based on the provided data, Etsy Inc's return on assets (ROA) has shown varying trends over the years. In 2020, the ROA was recorded at 14.52%, indicating that the company generated 14.52 cents of profit for every dollar of assets it had.

In 2021, the ROA decreased to 12.88%, suggesting a slight decline in the company's ability to generate profits from its assets. However, in 2022, there was a significant decrease in ROA to -26.35%, indicating that Etsy Inc incurred losses in that year.

The company's performance improved in 2023, with the ROA increasing to 11.45%, reflecting a better utilization of its assets to generate profits. By 2024, the ROA further improved to 12.54%, indicating a continued positive trend in the company's profitability relative to its asset base.

Overall, while there have been fluctuations in Etsy Inc's ROA over the years, the company seems to be making efforts to enhance its asset utilization and profitability, as seen from the improving ROA values in recent years.