Grid Dynamics Holdings Inc (GDYN)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -2,105 | -5,580 | -21,008 | 50 | -15,448 |
| Total assets | US$ in thousands | 592,192 | 435,165 | 411,146 | 256,719 | 167,135 |
| Operating ROA | -0.36% | -1.28% | -5.11% | 0.02% | -9.24% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-2,105K ÷ $592,192K
= -0.36%
Grid Dynamics Holdings Inc's operating return on assets (operating ROA) has displayed significant fluctuations over the years based on the provided data.
As of December 31, 2020, the company's operating ROA stood at -9.24%, reflecting a substantial negative return on its assets. However, there was a slight improvement in performance by the end of December 31, 2021, with the operating ROA increasing to 0.02%, suggesting a marginal return on assets.
The trend reversed in the subsequent years, with Grid Dynamics Holdings Inc experiencing declines in its operating ROA. By December 31, 2022, the operating ROA dropped to -5.11%, indicating a negative return on assets. The negative trend continued in December 31, 2023, with a further decrease to -1.28%. Despite a slight improvement by December 31, 2024, where the operating ROA was -0.36%, the company still struggled to generate a positive return on its assets.
Overall, Grid Dynamics Holdings Inc's operating ROA demonstrates volatility and inconsistency in the company's ability to effectively utilize its assets to generate operating income. The negative values indicate that the company may need to reassess its operational efficiency and asset management strategies to improve its financial performance.
Peer comparison
Dec 31, 2024