Qualys Inc (QLYS)

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	163,069	130,547	87,683	96,654	72,253
Total assets	US$ in thousands	812,618	700,941	814,559	736,819	675,608
Operating ROA		20.07%	18.62%	10.76%	13.12%	10.69%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $163,069K ÷ $812,618K
= 20.07%

The operating return on assets (operating ROA) of Qualys Inc has shown a positive trend over the past five years. The company's operating ROA has increased from 10.69% in 2019 to 20.07% in 2023, reflecting an upward trajectory in generating operating income relative to its total assets.

In 2021, the operating ROA experienced a significant jump to 10.76% from 13.12% in 2020, indicating a decrease in efficiency in generating operating income from its assets. However, Qualys Inc managed to reverse this trend and achieve a substantial improvement in operating ROA to 18.62% in 2022 and further to 20.07% in 2023.

This positive trend in operating ROA suggests that Qualys Inc has been successful in efficiently utilizing its assets to generate operating income, indicating operational effectiveness and potentially strong financial performance. It is essential for the company to continue this trend to sustain its profitability and create value for its stakeholders.