IAC Inc. (IAC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -106,802 | 265,942 | -63,227 | 263,488 | -516,597 | -1,170,170 | -1,155,779 | -1,031,266 | 32,621 | 597,547 | 1,093,700 | 1,217,927 | 927,053 | 269,726 | |||
| 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 |
| ROA | -1.03% | 2.56% | -0.63% | 2.50% | -4.80% | -11.26% | -11.07% | -9.59% | 0.27% | 4.86% | 11.60% | 13.11% | 9.52% | 2.94% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-106,802K ÷ $10,359,600K
= -1.03%
The return on assets (ROA) for IAC Inc. has shown significant volatility over the past several quarters. In the most recent quarter ending March 31, 2024, the ROA was negative at -1.03%, indicating that the company experienced a loss relative to its assets. This decrease in ROA from the previous quarter's value of 2.56% suggests a decline in the company's profitability efficiency in generating earnings from its assets.
Looking back over the last few quarters, there has been a mix of positive and negative ROA values. The company experienced a low point in the ROA of -11.26% in the last quarter of 2022, indicating a period of significant asset underutilization or inefficiency. However, there were also periods of strong performance, such as in the third quarter of 2021 when the ROA reached 11.60%, indicating effective management in generating earnings from its assets.
Overall, the volatile nature of IAC Inc.'s ROA suggests fluctuations in the company's ability to generate profits relative to its asset base. It would be important for stakeholders to monitor the company's asset utilization and profitability trends closely to assess its financial health and performance going forward.
Peer comparison
Mar 31, 2024