Qualys Inc (QLYS)
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 | 163,069 | 152,273 | 142,024 | 132,190 | 130,547 | 128,923 | 127,554 | 123,923 | 87,683 | 83,046 | 77,372 | 73,518 | 96,654 | 91,787 | 88,033 | 78,633 | 72,253 | 65,651 | 61,219 | 56,006 |
Total assets | US$ in thousands | 812,618 | 751,861 | 709,584 | 675,753 | 700,941 | 747,631 | 789,011 | 814,550 | 814,559 | 756,180 | 737,305 | 729,942 | 736,819 | 707,084 | 707,015 | 684,492 | 675,608 | 625,924 | 645,612 | 636,141 |
Operating ROA | 20.07% | 20.25% | 20.02% | 19.56% | 18.62% | 17.24% | 16.17% | 15.21% | 10.76% | 10.98% | 10.49% | 10.07% | 13.12% | 12.98% | 12.45% | 11.49% | 10.69% | 10.49% | 9.48% | 8.80% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $163,069K ÷ $812,618K
= 20.07%
Operating Return on Assets (ROA) is a key financial ratio that measures a company's ability to generate profits from its operating activities relative to its total assets. In the case of Qualys Inc, the operating ROA has been steadily increasing over the past eight quarters, indicating improving efficiency in utilizing its assets to generate operating profits.
From Q1 2022 to Q4 2023, Qualys Inc's operating ROA has shown a consistent upward trend, with the ratio increasing from 15.21% to 20.07%. This demonstrates that the company has been able to enhance its operational performance and profitability relative to its asset base. The average operating ROA over these eight quarters stands at 18.74%.
The consistent improvement in operating ROA suggests that Qualys Inc has been effectively managing its assets to drive operating income growth. It is important to note that a higher operating ROA indicates better operational efficiency and profitability, which can be favorable for investors and stakeholders.
Overall, based on the historical trend of increasing operating ROA, Qualys Inc appears to be efficiently utilizing its assets to generate operating profits, reflecting positively on the company's operational performance.
Peer comparison
Dec 31, 2023