Perficient Inc (PRFT)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	137,500	142,500	143,500	147,239	144,309	138,527	133,341	119,896	105,932	89,728	77,379	63,024	55,254	55,453	55,596	57,238	55,332	51,120	44,573	39,683
Total assets	US$ in thousands	1,064,600	1,028,500	1,013,690	981,855	995,888	948,737	926,943	902,821	882,572	787,631	786,195	767,510	785,761	754,294	715,454	637,658	640,492	606,704	604,790	567,936
Operating ROA		12.92%	13.86%	14.16%	15.00%	14.49%	14.60%	14.39%	13.28%	12.00%	11.39%	9.84%	8.21%	7.03%	7.35%	7.77%	8.98%	8.64%	8.43%	7.37%	6.99%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $137,500K ÷ $1,064,600K
= 12.92%

To analyze Perficient Inc.'s operating return on assets (operating ROA) based on the provided data, we can observe a slight fluctuation trend over the past eight quarters. The operating ROA has ranged from a low of 13.44% in Q3 2023 to a high of 15.26% in Q1 2023, with an overall downward trend observed between Q1 2023 and Q4 2023.

Despite the fluctuations, Perficient Inc. has maintained a relatively stable operating ROA performance above 12% consistently over the past two years. This indicates that the company has been generating profit from its operating activities efficiently relative to its total assets. However, the decreasing trend from Q1 2023 to Q4 2023 may warrant further investigation into the company's operational efficiency and asset utilization in recent quarters.

Overall, although Perficient Inc.'s operating ROA has shown some variability, the company has managed to maintain a satisfactory level of return on its assets, reflecting its ability to generate earnings from its core business operations. Monitoring future trends in operating ROA will be essential to assess the company's ongoing financial health and performance.