Godaddy Inc (GDDY)

Return on assets (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
Net income (ttm)	US$ in thousands	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	137,000	119,000	56,000	86,700
Total assets	US$ in thousands	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	6,301,200	6,167,600	6,448,900	6,350,600
ROA		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%	2.17%	1.93%	0.87%	1.37%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,374,800K ÷ $7,564,900K
= 18.17%

Looking at the Return on Assets (ROA) of Godaddy Inc over the past eight quarters, we can observe fluctuations in the company's efficiency in generating profits from its assets. ROA measures how well the company is utilizing its assets to generate earnings.

In Q4 2023, the ROA significantly improved to 18.17%, representing a substantial increase compared to the previous quarters. This indicates that Godaddy Inc was able to generate higher earnings relative to its total assets in that period.

In Q3 2023, the ROA was 5.45%, which also showed an improvement from the previous quarters but not as significant as in Q4. However, the ROA remained above 5%, signaling a decent performance in asset utilization.

The ROA fluctuated around the 5% mark in Q2 and Q1 2023, indicating consistent but not exceptional profitability from the company's assets during that time.

Comparing the most recent data to the same period in 2022, we see a steady increase in ROA over the past year. In Q4 2022, the ROA was 5.05%, slightly lower than the most recent quarter but still within a similar range.

Overall, the upward trend in ROA suggests that Godaddy Inc has been improving its efficiency in generating profits from its assets over the past year. However, it is essential to continue monitoring this ratio to ensure sustained profitability and efficient asset management in the future.