ePlus inc (PLUS)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 158,257 | 171,656 | 180,067 | 179,311 | 166,162 | 158,224 | 147,851 | 148,047 | 147,316 | 136,430 | 129,608 | 113,790 | 106,335 | 100,623 | 97,625 | 97,515 | 95,279 | 91,871 | 85,629 | 81,824 |
| Total assets | US$ in thousands | 1,653,470 | 1,595,600 | 1,618,790 | 1,680,810 | 1,414,830 | 1,597,860 | 1,371,340 | 1,256,150 | 1,166,200 | 1,255,150 | 1,139,940 | 1,077,420 | 1,076,780 | 1,125,950 | 1,038,710 | 1,058,860 | 909,113 | 952,608 | 914,266 | 874,813 |
| Operating ROA | 9.57% | 10.76% | 11.12% | 10.67% | 11.74% | 9.90% | 10.78% | 11.79% | 12.63% | 10.87% | 11.37% | 10.56% | 9.88% | 8.94% | 9.40% | 9.21% | 10.48% | 9.64% | 9.37% | 9.35% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $158,257K ÷ $1,653,470K
= 9.57%
Operating return on assets (operating ROA) measures the efficiency of ePlus inc in generating profits from its assets dedicated to operations. Analyzing the trend in ePlus inc's operating ROA over the provided periods shows fluctuations with a general upward trend.
In the most recent period (Mar 31, 2024), the operating ROA stands at 9.57%, a slight decrease from the previous quarter but still within the average range observed. The highest operating ROA was recorded in the quarter ended Mar 31, 2022, at 12.63%, indicating strong profitability relative to assets employed.
Overall, ePlus inc has shown varying levels of efficiency in generating operating profit from its assets, with fluctuations possibly influenced by changes in operating expenses, revenue growth, or asset utilization. It is essential for investors and stakeholders to closely monitor ePlus inc's operating ROA to assess the company's operational performance and effectiveness in utilizing its assets.
Peer comparison
Mar 31, 2024