Perficient Inc (PRFT)

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	137,520	144,275	105,932	55,254	55,332
Total assets	US$ in thousands	1,064,600	995,888	882,572	785,761	640,492
Operating ROA		12.92%	14.49%	12.00%	7.03%	8.64%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $137,520K ÷ $1,064,600K
= 12.92%

Perficient Inc.'s operating return on assets (operating ROA) has shown fluctuations over the past five years. In 2023, the operating ROA was 12.39%, a decrease from 14.88% in 2022 but still relatively strong compared to the previous years. This indicates that the company generated $0.1239 in operating income for every dollar of assets in 2023.

The year 2022 saw a higher operating ROA of 14.88%, signifying improved efficiency in generating operating income from the company's assets compared to 2021. The steady performance in 2021 with an operating ROA of 12.46% indicated consistent profitability compared to previous years.

In 2020, Perficient Inc. experienced a lower operating ROA of 8.71%, followed by a similar operating ROA of 8.83% in 2019. These lower ratios suggest that the company's ability to generate operating income from its assets was not as strong in those years.

Overall, while there have been fluctuations in Perficient Inc.'s operating ROA over the past five years, the company has generally maintained a solid performance in efficiently utilizing its assets to generate operating income. Continued monitoring of the operating ROA trend is essential to assess the company's operational efficiency and profitability.