Perficient Inc (PRFT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 99,000 | 102,300 | 102,700 | 104,082 | 104,418 | 82,447 | 76,843 | 65,634 | 52,091 | 55,983 | 44,764 | 34,800 | 30,181 | 33,552 | 37,154 | 39,073 | 37,125 | 32,810 | 29,336 | 26,657 |
| 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 |
| ROA | 9.30% | 9.95% | 10.13% | 10.60% | 10.48% | 8.69% | 8.29% | 7.27% | 5.90% | 7.11% | 5.69% | 4.53% | 3.84% | 4.45% | 5.19% | 6.13% | 5.80% | 5.41% | 4.85% | 4.69% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $99,000K ÷ $1,064,600K
= 9.30%
To analyze Perficient Inc.'s return on assets (ROA) based on the provided data, we observe the trend in ROA over the last eight quarters. ROA represents the company's ability to generate profits from its assets.
From Q1 2022 to Q4 2023, Perficient Inc.'s ROA fluctuated within a range of 7.27% to 10.60%. The trend shows an overall improvement in ROA over this period.
The company experienced a steady increase in ROA from Q1 2022 (7.27%) to Q4 2023 (9.30%), indicating improved efficiency in generating profits from its assets. However, there was a slight decrease in ROA in Q3 2023 (9.94%) compared to Q2 2023 (10.12%).
Perficient Inc.'s ROA peaked at 10.60% in Q1 2023, reflecting the company's effectiveness in utilizing its assets to generate higher returns. The fluctuations in ROA suggest potential variations in the company's profitability and efficiency in asset utilization over the analyzed quarters.
Overall, Perficient Inc.'s ROA performance demonstrates a positive trend with periodic fluctuations, pointing towards the company's ability to generate profitable returns relative to its asset base during the analyzed period.
Peer comparison
Dec 31, 2023