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.