Manhattan Associates Inc (MANH)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 176,568 | 128,959 | 110,472 | 87,240 | 85,762 |
| Total assets | US$ in thousands | 673,353 | 570,178 | 539,708 | 465,412 | 372,279 |
| ROA | 26.22% | 22.62% | 20.47% | 18.74% | 23.04% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $176,568K ÷ $673,353K
= 26.22%
Manhattan Associates, Inc.'s return on assets (ROA) has shown a positive trend over the past five years, with the ROA increasing from 23.04% in 2019 to 26.22% in 2023. This indicates that the company has been effectively utilizing its assets to generate profits for its shareholders.
The consistent improvement in ROA reflects the company's efficiency in generating earnings relative to its total assets. A higher ROA percentage suggests that the company is utilizing its assets more effectively to generate profits.
Based on the data provided, Manhattan Associates, Inc. has been successful in increasing the returns generated from its assets over the years, which is positive for the company's financial performance and overall value creation for its stakeholders.
Peer comparison
Dec 31, 2023