Insperity Inc (NSP)

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	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	171,382	190,019	183,356	204,061	179,350	150,860	140,487	132,042	124,080	118,657	111,370	138,067	138,237	154,347	160,197	136,902	151,099	155,359	165,707	161,711
Total assets	US$ in thousands	2,119,660	1,996,470	1,865,270	2,039,970	2,039,260	1,781,510	1,892,910	1,940,080	1,753,080	1,734,050	1,728,080	1,769,080	1,584,280	1,523,280	1,517,730	1,522,410	1,395,000	1,292,120	1,317,000	1,350,980
ROA		8.09%	9.52%	9.83%	10.00%	8.79%	8.47%	7.42%	6.81%	7.08%	6.84%	6.44%	7.80%	8.73%	10.13%	10.56%	8.99%	10.83%	12.02%	12.58%	11.97%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $171,382K ÷ $2,119,660K
= 8.09%

The return on assets (ROA) of Insperity Inc has exhibited a generally increasing trend over the past quarters, starting at 6.80% in Q1 2022 and reaching a peak of 10.01% in Q1 2023. This suggests that the company has been able to generate more profit relative to its total assets over time. However, it is important to note that there was a slight decrease in ROA from Q1 2023 to Q4 2023, indicating a potential challenge in maintaining the same level of profitability. Overall, Insperity Inc's ROA performance demonstrates efficient asset utilization, but ongoing monitoring is advised to ensure sustained profitability.