Qualys Inc (QLYS)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 173,680 | 151,595 | 107,992 | 70,960 | 91,572 |
| Total assets | US$ in thousands | 973,537 | 812,618 | 700,941 | 814,559 | 736,819 |
| ROA | 17.84% | 18.66% | 15.41% | 8.71% | 12.43% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $173,680K ÷ $973,537K
= 17.84%
Qualys Inc's return on assets (ROA) has demonstrated fluctuating trends over the past five years. In 2020, the ROA was reported at 12.43%, indicating that the company generated $0.1243 in net income for every dollar of assets it owned. However, there was a decline in ROA to 8.71% in 2021, suggesting a decrease in profitability relative to its asset base.
Subsequently, in 2022, Qualys Inc experienced a significant improvement in ROA, reaching 15.41%, signifying enhanced efficiency in utilizing its assets to generate profits. This positive performance continued into 2023 and 2024, with ROA figures of 18.66% and 17.84%, respectively.
Overall, the upward trajectory in ROA from 2021 to 2024 suggests that Qualys Inc has been able to enhance its profitability relative to its asset base over time. The company's ability to generate higher returns on its assets indicates effective management and utilization of resources to drive financial performance.
Peer comparison
Dec 31, 2024