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