N-Able Inc (NABL)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 30,958 | 23,412 | 16,707 | 113 | -7,158 |
| Total assets | US$ in thousands | 1,338,850 | 1,162,790 | 1,078,860 | 1,055,700 | 1,079,740 |
| ROA | 2.31% | 2.01% | 1.55% | 0.01% | -0.66% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $30,958K ÷ $1,338,850K
= 2.31%
N-Able Inc's return on assets (ROA) has shown an improvement over the years based on the provided data. In December 31, 2020, the ROA was -0.66%, indicating that the company experienced a negative return on its assets. However, by December 31, 2021, the ROA had improved to 0.01%, showing a turnaround in asset utilization efficiency.
Subsequently, in December 31, 2022, the ROA increased significantly to 1.55%, signaling a notable improvement in the company's ability to generate profits from its assets. This positive trend continued into December 31, 2023, with an ROA of 2.01%, reflecting a further enhancement in asset management effectiveness.
By December 31, 2024, N-Able Inc's ROA reached 2.31%, indicating a continued uptrend and suggesting that the company has been successful in utilizing its assets more efficiently to generate profits. Overall, the increasing trend in ROA demonstrates the company's improved performance in generating earnings relative to its total assets, implying a positive development in its financial health and operational efficiency over the analyzed period.
Peer comparison
Dec 31, 2024