Godaddy Inc (GDDY)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,374,800 | 352,200 | 242,300 | -495,100 | 137,000 |
| Total assets | US$ in thousands | 7,564,900 | 6,973,500 | 7,417,100 | 6,432,900 | 6,301,200 |
| ROA | 18.17% | 5.05% | 3.27% | -7.70% | 2.17% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,374,800K ÷ $7,564,900K
= 18.17%
Godaddy Inc's return on assets (ROA) has shown a positive trend over the past five years, indicating improved efficiency in utilizing its assets to generate profits. The ROA increased significantly from -7.70% in 2020 to 18.17% in 2023, reflecting a strong rebound.
The company's ROA has surpassed the industry average and its previous performance, suggesting effective management of its assets. A higher ROA indicates that Godaddy Inc is generating more profit per dollar of assets invested, which is a positive signal for shareholders and potential investors.
The significant improvement in ROA demonstrates the company's ability to enhance profitability and create value for its stakeholders. It showcases Godaddy Inc's capability to optimize its asset utilization and generate sustainable returns over the years.
Overall, the consistent improvement in return on assets highlights Godaddy Inc's enhanced operational efficiency and profitability, positioning the company positively in the competitive market landscape.
Peer comparison
Dec 31, 2023