Qualys Inc (QLYS)

Return on assets (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
Net income (ttm)	US$ in thousands	151,595	139,328	120,473	111,687	107,992	101,487	101,596	96,142	70,960	72,955	67,929	73,106	91,572	88,420	84,851	74,764	69,336	63,072	67,367	61,428
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
ROA		18.66%	18.53%	16.98%	16.53%	15.41%	13.57%	12.88%	11.80%	8.71%	9.65%	9.21%	10.02%	12.43%	12.50%	12.00%	10.92%	10.26%	10.08%	10.43%	9.66%

December 31, 2023 calculation

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

Qualys Inc's return on assets (ROA) has shown a positive trend over the past eight quarters. The company's ROA has been consistently increasing, with Q4 2023 recording the highest ROA of 18.66% compared to Q1 2022, which had an ROA of 11.80%. This indicates that Qualys Inc has been effectively utilizing its assets to generate profits.

The increasing trend in ROA suggests that Qualys Inc is becoming more efficient in generating profits from its assets over time. A higher ROA reflects the company's ability to generate more income on each dollar of assets it possesses. This could be attributed to improvements in operational efficiency, cost management, and revenue generation strategies implemented by the company.

Overall, the increasing trend in Qualys Inc's ROA indicates that the company is effectively managing its assets to generate higher returns for its shareholders. It also suggests that the company's management is making sound decisions in deploying its assets to drive profitability and create value for the business.