N-Able Inc (NABL)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 70,319 | 62,817 | 56,189 | 50,652 | 47,396 | 41,585 | 39,635 | 39,219 | |||
| Total assets | US$ in thousands | 1,162,790 | 1,122,660 | 1,113,040 | 1,092,580 | 1,078,860 | 1,031,460 | 1,038,770 | 1,050,160 | 1,055,700 | 1,062,560 | 1,038,790 |
| Operating ROA | 6.05% | 5.60% | 5.05% | 4.64% | 4.39% | 4.03% | 3.82% | 3.73% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $70,319K ÷ $1,162,790K
= 6.05%
N-Able Inc's operating return on assets (operating ROA) has shown a positive trend over the past several quarters. The operating ROA increased from 3.73% in the first quarter of 2022 to 6.05% in the fourth quarter of 2023. This suggests that the company has been effectively generating operating income relative to its total assets.
The consistent improvement in operating ROA indicates that N-Able Inc is becoming more efficient in utilizing its assets to generate operating profits. This is a positive sign as it shows that the company is effectively managing its operations and making better use of its assets to drive profitability.
Overall, the increasing trend in operating ROA for N-Able Inc signifies a positive financial performance and operational efficiency, which is a good indicator for investors and stakeholders. However, it would be beneficial to continue monitoring this ratio to ensure sustainable and profitable operations in the future.
Peer comparison
Dec 31, 2023