IAC Inc. (IAC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 265,942 | -1,170,170 | 597,547 | 269,726 |
| Total assets | US$ in thousands | 10,371,200 | 10,393,600 | 12,302,600 | 9,161,710 |
| ROA | 2.56% | -11.26% | 4.86% | 2.94% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $265,942K ÷ $10,371,200K
= 2.56%
The return on assets (ROA) for IAC Inc. over the past four years has shown some variability. In 2023, the ROA increased to 2.56% from a significant decrease in 2022 when it was -11.26%. This substantial improvement in ROA indicates better asset utilization in generating profit for the company in 2023.
Compared to the ROA of 4.86% in 2021, the ROA for 2023 was lower, suggesting a slight decrease in efficiency in generating profits from assets. However, the ROA for 2023 remains relatively stable compared to the ROA of 2.94% in 2020.
Overall, the positive ROA in 2023 reflects that IAC Inc. was able to generate a profit of 2.56% for each dollar of assets it owns, signaling a moderate level of efficiency and profitability in asset management compared to the previous years. The company may need to focus on further improving its asset utilization to drive higher profitability in the future.
Peer comparison
Dec 31, 2023