ePlus inc (PLUS)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 115,776 | 126,647 | 135,059 | 130,864 | 119,356 | 110,747 | 101,477 | 104,421 | 105,600 | 96,908 | 92,122 | 80,555 | 74,397 | 72,090 | 70,002 | 70,254 | 69,082 | 70,888 | 66,202 | 64,107 |
| 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 |
| ROA | 7.00% | 7.94% | 8.34% | 7.79% | 8.44% | 6.93% | 7.40% | 8.31% | 9.06% | 7.72% | 8.08% | 7.48% | 6.91% | 6.40% | 6.74% | 6.63% | 7.60% | 7.44% | 7.24% | 7.33% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $115,776K ÷ $1,653,470K
= 7.00%
The return on assets (ROA) for ePlus inc has shown fluctuation over the past several quarters, ranging from a low of 6.40% to a high of 9.06%. The ROA was relatively stable around the 7-8% range for most periods, with a few exceptions of higher or lower values.
Overall, the ROA indicates that ePlus inc is generating a positive return on its assets, with the company being able to efficiently utilize its assets to generate profits. The higher the ROA, the more efficient the company is in using its assets to generate earnings.
It is important to monitor the trend of ROA over time to assess the company's asset management efficiency and profitability. An increasing trend in ROA generally indicates improving asset utilization and profitability, whereas a decreasing trend may signal potential issues in operational efficiency or profitability.
In conclusion, ePlus inc's ROA performance, based on historical data, suggests that the company is effectively utilizing its assets to generate profits, albeit with some variability in performance from quarter to quarter.
Peer comparison
Mar 31, 2024