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.
Peer comparison
Dec 31, 2023