N-Able Inc (NABL)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating income	US$ in thousands	70,319	47,396	33,330
Total assets	US$ in thousands	1,162,790	1,078,860	1,055,700
Operating ROA		6.05%	4.39%	3.16%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $70,319K ÷ $1,162,790K
= 6.05%

Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's ability to generate operating profit from its assets. In the case of N-Able Inc, the company's Operating ROA has been showing a positive trend over the past three years.

In 2021, N-Able Inc's Operating ROA was 3.16%, indicating that the company generated operating profit amounting to 3.16% of its total assets. This ratio increased to 4.39% in 2022, reflecting an improvement in the company's efficiency in utilizing its assets to generate operating income.

Notably, in 2023, N-Able Inc's Operating ROA saw a further increase to 6.05%, suggesting a significant enhancement in the company's performance in generating operating profit relative to its asset base. This improvement could be attributed to various factors such as increased operational efficiency, better asset utilization, or strategic management decisions.

Overall, the upward trend in N-Able Inc's Operating ROA indicates that the company has been able to effectively leverage its assets to drive operating profitability, potentially leading to enhanced shareholder value and financial performance.