Godaddy Inc (GDDY)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	547,400	498,800	382,100	272,200	202,600
Total assets	US$ in thousands	7,564,900	6,973,500	7,417,100	6,432,900	6,301,200
Operating ROA		7.24%	7.15%	5.15%	4.23%	3.22%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $547,400K ÷ $7,564,900K
= 7.24%

Godaddy Inc's operating return on assets (operating ROA) has been showing a positive trend over the last five years. The operating ROA increased from 3.22% in 2019 to 8.44% in 2023, indicating improved operational efficiency and effectiveness in generating profits from its assets. This suggests that the company has been able to increase its operating income relative to its total assets over the years, which is a positive sign of management's ability to utilize the company's assets efficiently. The consistent growth in operating ROA reflects the company's focus on maximizing returns on its assets and implies a positive outlook for future profitability and financial performance.