Godaddy Inc (GDDY)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	936,900	1,852,200	1,792,400	1,729,000	1,374,800	354,500	323,600	331,100	352,200	345,800	343,500	299,900	242,300	225,600	192,800	-527,200	-495,100	-505,100	-493,600	167,000
Total assets	US$ in thousands	8,235,400	7,997,200	7,721,900	7,978,800	7,564,900	6,499,200	6,793,900	7,092,300	6,973,500	7,072,900	6,904,100	6,901,300	7,417,100	7,298,000	7,362,100	7,259,300	6,432,900	6,207,800	6,092,100	6,162,200
ROA		11.38%	23.16%	23.21%	21.67%	18.17%	5.45%	4.76%	4.67%	5.05%	4.89%	4.98%	4.35%	3.27%	3.09%	2.62%	-7.26%	-7.70%	-8.14%	-8.10%	2.71%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $936,900K ÷ $8,235,400K
= 11.38%

The return on assets (ROA) for Godaddy Inc has exhibited considerable fluctuations over the reported periods.

Starting at a positive 2.71% in March 2020, the ROA turned negative from June 2020 to December 2021, reaching a low of -8.14%. However, beginning March 2022, the ROA started to improve gradually. By December 2023, the ROA surged to 18.17%, indicating a significant increase in the company's efficiency in generating profit from its assets.

Subsequently, the ROA continued to rise, reaching its peak at 23.21% in June 2024. This demonstrates an enhanced ability of Godaddy Inc to generate profits relative to its total assets.

However, by December 2024, there was a decline in ROA to 11.38%, indicating a decrease in profitability relative to the assets employed.

Overall, the company has shown a mix of positive and negative ROA figures, showcasing fluctuations in its asset management efficiency and profitability over the period under review.