IAC Inc. (IAC)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | -260,763 | -474,771 | -137,067 | -537,663 |
| Total assets | US$ in thousands | 10,371,200 | 10,393,600 | 12,302,600 | 9,161,710 |
| Operating ROA | -2.51% | -4.57% | -1.11% | -5.87% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-260,763K ÷ $10,371,200K
= -2.51%
IAC Inc.'s operating return on assets (operating ROA) has shown a mixed performance over the past four years. In 2023, the operating ROA improved to -2.51% from -4.57% in 2022. However, compared to 2021 when it was -1.11%, the 2023 figure remains negative. The company experienced a significant decline in operating ROA in 2020, dropping to -5.87%, which has since been partially recovered.
The negative values of the operating ROA indicate that IAC Inc. is currently not generating sufficient operating income from its assets. This could be due to various factors such as high operating expenses, low revenue generation, or inefficient asset utilization. It is important for the company to analyze the root causes of these negative returns on assets and implement measures to improve operational efficiency and profitability.
Peer comparison
Dec 31, 2023