IAC Inc. (IAC)
Operating return on assets (Operating ROA)
| 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 | -184,345 | -260,763 | -298,943 | -390,886 | -501,553 | -474,771 | -468,984 | -376,371 | -238,651 | -137,067 | -92,083 | -182,245 | -251,270 | -556,378 | |||
| Total assets | US$ in thousands | 10,359,600 | 10,371,200 | 10,018,200 | 10,549,100 | 10,754,000 | 10,393,600 | 10,441,600 | 10,749,100 | 11,893,500 | 12,302,600 | 9,427,720 | 9,288,580 | 9,736,280 | 9,161,710 | 8,480,210 | 6,371,760 | 5,591,250 |
| Operating ROA | -1.78% | -2.51% | -2.98% | -3.71% | -4.66% | -4.57% | -4.49% | -3.50% | -2.01% | -1.11% | -0.98% | -1.96% | -2.58% | -6.07% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-184,345K ÷ $10,359,600K
= -1.78%
IAC Inc.'s operating return on assets (operating ROA) has shown a declining trend over the past several quarters. The company's operating ROA was negative in all the quarters provided, indicating that its operating income generated from its assets was insufficient to cover the associated costs and expenses.
The operating ROA was particularly low in the most recent quarter, March 31, 2024, at -1.78%, showing a slight improvement from the previous quarter but still in negative territory. This improvement suggests that the company may be taking steps to enhance its operational efficiency and asset utilization.
Overall, the consistently negative operating ROA figures suggest that IAC Inc. may be facing challenges in effectively utilizing its assets to generate profitable operating income. The management might need to review and possibly restructure its operations to improve this key financial metric and enhance overall profitability in the long term.
Peer comparison
Mar 31, 2024