N-Able Inc (NABL)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Operating income (ttm)	US$ in thousands	76,473	82,421	76,863	75,896	70,448	62,817	56,189	50,652	47,396	41,585	39,635	39,219	33,330	25,337	24,726	28,379	33,765
Total assets	US$ in thousands	1,338,850	1,223,460	1,174,660	1,149,930	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	1,068,110	1,079,740
Operating ROA		5.71%	6.74%	6.54%	6.60%	6.06%	5.60%	5.05%	4.64%	4.39%	4.03%	3.82%	3.73%	3.16%	2.38%	2.38%	2.66%	3.13%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $76,473K ÷ $1,338,850K
= 5.71%

N-Able Inc's operating return on assets (operating ROA) has shown fluctuations over the analyzed period. The operating ROA started at a modest 3.13% on December 31, 2020, dropped to 2.38% by June 30, 2021, and remained relatively stable until December 31, 2021, where it increased to 3.16%. Subsequently, there was a noticeable upward trend in operating ROA, reaching 6.74% by September 30, 2024. However, by the end of the period on December 31, 2024, the operating ROA declined to 5.71%.

The varying levels of operating ROA may indicate changes in the company's operational efficiency and profitability. A rising trend generally suggests improved asset utilization and profitability, while a declining trend could signify challenges in generating earnings relative to the assets employed in operations. It would be essential for N-Able Inc to further investigate the factors contributing to these fluctuations to sustain and enhance its financial performance.