ePlus inc (PLUS)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 115,776 | 119,356 | 105,600 | 74,397 | 69,082 |
| Total assets | US$ in thousands | 1,653,470 | 1,414,830 | 1,166,200 | 1,076,780 | 909,113 |
| ROA | 7.00% | 8.44% | 9.06% | 6.91% | 7.60% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $115,776K ÷ $1,653,470K
= 7.00%
ePlus inc's return on assets (ROA) has shown a decreasing trend over the past five years. The ROA was 7.00% as of March 31, 2024, compared to 8.44% in 2023, 9.06% in 2022, 6.91% in 2021, and 7.60% in 2020. This decline indicates that the company's ability to generate profits from its assets has weakened over time.
A lower ROA could suggest inefficiency in asset utilization or declining profitability relative to the size of the asset base. It may be worth further analysis to understand the factors driving the decreasing ROA and assess the company's operational efficiency, profitability, and asset management strategies.
Peer comparison
Mar 31, 2024