Perficient Inc (PRFT)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	98,933	104,392	52,091	30,181	37,125
Total assets	US$ in thousands	1,064,600	995,888	882,572	785,761	640,492
ROA		9.29%	10.48%	5.90%	3.84%	5.80%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $98,933K ÷ $1,064,600K
= 9.29%

The return on assets (ROA) of Perficient Inc. has shown fluctuations over the past five years. The ROA was highest in 2022 at 10.48% and lowest in 2020 at 3.84%. The ROA for the most recent year, 2023, stands at 9.30%. This indicates that for every dollar of assets, Perficient generated a net income of 9.30 cents in 2023.

Overall, Perficient Inc. has generally managed to generate a positive return on its assets over the period under review. The fluctuation in ROA over the years suggests changes in the company's efficiency in utilizing its assets to generate profits. It would be essential to further investigate the factors that influenced these fluctuations to better understand Perficient Inc.'s performance in asset utilization.