Fair Isaac Corporation (FICO)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	653,850	642,830	611,287	574,871	567,167	542,414	523,443	577,212	526,354	505,489	475,794	364,281	338,808	295,969	280,766	283,603	256,426	253,548	230,819	189,648
Total assets	US$ in thousands	1,593,520	1,575,280	1,584,570	1,502,430	1,458,690	1,442,030	1,456,840	1,486,480	1,463,310	1,567,780	1,589,160	1,579,610	1,576,860	1,606,240	1,564,120	1,552,130	1,545,040	1,433,450	1,373,800	1,328,110
Operating ROA		41.03%	40.81%	38.58%	38.26%	38.88%	37.61%	35.93%	38.83%	35.97%	32.24%	29.94%	23.06%	21.49%	18.43%	17.95%	18.27%	16.60%	17.69%	16.80%	14.28%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $653,850K ÷ $1,593,520K
= 41.03%

Fair, Isaac Corp.'s operating return on assets (operating ROA) has shown a generally increasing trend over the past eight quarters, indicating improved operational efficiency in generating profit from its assets. The operating ROA increased from 33.12% in March 2022 to 41.03% in December 2023. This suggests that the company has effectively managed its assets to generate higher operating income. The consistent upward trend indicates the company's ability to generate more income from its operating activities relative to its total assets, which is a positive sign for investors and creditors. However, it's important to conduct further analysis to understand the specific factors driving this improvement in operating ROA and to assess its sustainability.