Manhattan Associates Inc (MANH)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	176,568	165,700	145,953	137,158	128,959	111,673	118,653	118,421	110,472	110,430	98,742	87,353	87,240	83,458	85,599	87,320	85,762	94,919	96,267	103,010
Total assets	US$ in thousands	673,353	572,995	526,994	530,843	570,178	514,719	514,289	511,754	539,708	514,283	474,997	458,528	465,412	416,981	380,389	348,044	372,279	380,297	372,183	359,511
ROA		26.22%	28.92%	27.70%	25.84%	22.62%	21.70%	23.07%	23.14%	20.47%	21.47%	20.79%	19.05%	18.74%	20.01%	22.50%	25.09%	23.04%	24.96%	25.87%	28.65%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $176,568K ÷ $673,353K
= 26.22%

To analyze Manhattan Associates, Inc.'s return on assets (ROA) performance, we observe a consistent and strong trend over the past eight quarters. The ROA has shown a positive trajectory, starting at 22.62% in Q4 2022 and consistently increasing quarter over quarter to reach 26.22% in Q4 2023. This indicates the company's efficient use of assets to generate profits.

The ROA peaked at 28.92% in Q3 2023, showcasing the firm's ability to maximize profitability relative to its total assets during that period. Overall, Manhattan Associates, Inc. has maintained a robust ROA above 20% throughout the analyzed period, demonstrating effective management in utilizing its asset base to drive earnings.

The upward trend in ROA suggests that Manhattan Associates, Inc. has been successful in generating income from its assets, which is a positive indicator for investors and stakeholders. It indicates the company's operational efficiency and ability to generate profits relative to its asset base.