Insperity Inc (NSP)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	218,549	250,239	173,329	194,689	186,633
Total assets	US$ in thousands	2,119,660	2,039,260	1,753,080	1,584,280	1,395,000
Operating ROA		10.31%	12.27%	9.89%	12.29%	13.38%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $218,549K ÷ $2,119,660K
= 10.31%

The operating return on assets (operating ROA) for Insperity Inc has exhibited fluctuations over the past five years. In 2023, the operating ROA decreased to 10.31% from 12.27% in 2022. This decline suggests that the company's operating income generated from its assets decreased in 2023 compared to the prior year.

Looking further back, the operating ROA was 9.89% in 2021, slightly lower than in 2023. It then increased to 12.29% in 2020 and peaked at 13.38% in 2019, indicating higher levels of operating income generated relative to its assets in those years.

The fluctuations in operating ROA over the years may reflect changes in the company's operational efficiency, asset utilization, profitability, or a combination of these factors. Further analysis would be necessary to identify the specific drivers behind the changes in operating ROA and to assess the company's overall financial performance and efficiency in utilizing its assets.