N-Able Inc (NABL)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net income	US$ in thousands	23,412	16,707	113
Total assets	US$ in thousands	1,162,790	1,078,860	1,055,700
ROA		2.01%	1.55%	0.01%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $23,412K ÷ $1,162,790K
= 2.01%

The return on assets (ROA) of N-Able Inc has shown a positive trend over the past three years, increasing from 0.01% in 2021 to 1.55% in 2022 and further to 2.01% in 2023. This indicates that the company is generating more profit relative to its total assets, which is a positive sign of efficiency and profitability. The upward trajectory suggests that management may be effectively utilizing the company's assets to generate earnings. Overall, the increasing ROA reflects improved asset utilization and profitability for N-Able Inc.