Grid Dynamics Holdings Inc (GDYN)

Operating return on assets (Operating 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
Operating income (ttm) US$ in thousands 3,035 -3,501 -5,494 -4,504 -5,580 -10,127 -15,020 -27,203 -21,008 -16,922 -10,202 2,031 50 -1,980 -5,621 -10,192 -15,448 -7,747 -491 7,532
Total assets US$ in thousands 592,192 477,252 443,622 435,261 435,165 435,750 431,238 419,587 411,146 390,145 278,173 275,802 256,719 304,688 173,133 160,297 167,135 157,801 153,544 154,202
Operating ROA 0.51% -0.73% -1.24% -1.03% -1.28% -2.32% -3.48% -6.48% -5.11% -4.34% -3.67% 0.74% 0.02% -0.65% -3.25% -6.36% -9.24% -4.91% -0.32% 4.88%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $3,035K ÷ $592,192K
= 0.51%

Grid Dynamics Holdings Inc's operating return on assets (ROA) has shown fluctuating performance over the years as per the provided data. The operating ROA started positively at 4.88% in March 2020 but gradually declined to negative territory, reaching its lowest point at -9.24% in December 2020.

Subsequently, there were some fluctuations in the operating ROA figures, with occasional brief periods of positive returns, such as in December 2021 and March 2022, though generally remaining in negative territory.

By December 2024, the operating ROA had improved to a positive 0.51%, indicating a slight recovery from the negative trend observed in the previous periods. However, it is important to note that the operating ROA remained relatively low compared to the initial performance in 2020.

Overall, the trend in operating ROA reflects a mix of positive and negative performances, suggesting that Grid Dynamics Holdings Inc has faced challenges in efficiently generating operating profits relative to its asset base during the period under review. Further analysis of the company's operating efficiency and asset utilization may be necessary to understand the factors driving these fluctuations in operating ROA.