Qualys Inc (QLYS)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	151,595	107,992	70,960	91,572	69,336
Total assets	US$ in thousands	812,618	700,941	814,559	736,819	675,608
ROA		18.66%	15.41%	8.71%	12.43%	10.26%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $151,595K ÷ $812,618K
= 18.66%

The return on assets (ROA) for Qualys Inc has shown a positive trend over the past five years, indicating the company's efficiency in generating profits from its assets. The ROA increased from 10.26% in 2019 to 18.66% in 2023, with some fluctuations in between. This upward trend suggests that Qualys Inc has been able to improve its asset utilization and profitability over time.

The significant increase in ROA from 2022 to 2023, from 15.41% to 18.66%, indicates a notable improvement in the company's ability to generate earnings relative to its total assets. This could be attributed to effective cost management, revenue growth, or better asset allocation strategies implemented by Qualys Inc during this period.

Overall, Qualys Inc's consistent improvement in ROA reflects a positive performance in terms of utilizing its assets efficiently to generate profits, which is an important indicator of the company's financial health and operational effectiveness.