Godaddy Inc (GDDY)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 936,900 | 1,374,800 | 352,200 | 242,300 | -494,100 |
| Total assets | US$ in thousands | 8,235,400 | 7,564,900 | 6,973,500 | 7,417,100 | 6,432,900 |
| ROA | 11.38% | 18.17% | 5.05% | 3.27% | -7.68% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $936,900K ÷ $8,235,400K
= 11.38%
The return on assets (ROA) of Godaddy Inc has shown a notable increase from -7.68% as of December 31, 2020, to 11.38% as of December 31, 2024. This signifies a positive trend in the company's ability to generate profits relative to its total assets. Particularly, the significant improvement in ROA from 2020 to 2024 indicates that Godaddy Inc has effectively utilized its assets to enhance profitability over the years. The latest ROA of 11.38% as of December 31, 2024, suggests that for every dollar of assets, the company is generating a return of 11.38 cents, reflecting a strong performance in asset utilization.
Peer comparison
Dec 31, 2024