N-Able Inc (NABL)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 23,412 | 21,046 | 15,327 | 15,145 | 16,707 | 7,976 | 9,555 | 5,690 | |||
| 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 |
| ROA | 2.01% | 1.87% | 1.38% | 1.39% | 1.55% | 0.77% | 0.92% | 0.54% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $23,412K ÷ $1,162,790K
= 2.01%
The return on assets (ROA) for N-Able Inc has been fluctuating over the past few quarters. From December 2021 to December 2022, the ROA showed an improving trend, increasing from 0.54% to 1.55%. However, from March 2023 to September 2023, there was a slight decline in ROA, dropping to 1.39% before increasing slightly to 1.87% in September 2023.
Overall, N-Able Inc's ROA has shown some volatility, with some quarters performing better than others. It is important for the company to monitor and analyze the factors influencing these fluctuations to ensure efficient utilization of assets and sustainable profitability in the long term.
Peer comparison
Dec 31, 2023