Liveramp Holdings Inc (RAMP)

Return on assets (ROA)

		Mar 31, 2024	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
Net income (ttm)	US$ in thousands	11,881	-14,110	-57,771	-93,070	-118,702	-116,730	-102,421	-78,416	-33,833	-37,288	-33,638	-51,175	-90,268	-61,550	-87,865	-104,099	-124,511	992,428	1,015,207	1,014,229
Total assets	US$ in thousands	1,231,440	1,224,740	1,180,520	1,163,930	1,172,700	1,166,480	1,188,500	1,234,260	1,333,740	1,342,540	1,282,370	1,249,900	1,288,320	1,259,500	1,238,640	1,233,930	1,301,890	1,343,850	1,363,230	1,439,300
ROA		0.96%	-1.15%	-4.89%	-8.00%	-10.12%	-10.01%	-8.62%	-6.35%	-2.54%	-2.78%	-2.62%	-4.09%	-7.01%	-4.89%	-7.09%	-8.44%	-9.56%	73.85%	74.47%	70.47%

March 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $11,881K ÷ $1,231,440K
= 0.96%

Liveramp Holdings Inc has shown a volatile trend in its return on assets (ROA) over the past few quarters. ROA has ranged from -10.12% to 0.96% in the most recent period. The negative ROA values in some quarters indicate that the company's net income generated from its assets was not sufficient to cover operating expenses and debt obligations. The significant negative values suggest operational inefficiencies or financial challenges during those periods.

It is notable that the ROA improved to 0.96% in the most recent quarter, indicating a better utilization of assets to generate profits. However, the overall trend still shows inconsistency in generating profits relative to the assets employed. The spike in ROA to 73.85% and 74.47% in the quarters ending December 2019 and September 2019, respectively, raises concerns regarding the anomalies in the financial performance of the company during those periods. Further analysis would be required to understand the factors contributing to these unusually high values.

In conclusion, Liveramp Holdings Inc's ROA fluctuates significantly, indicating variability in its profitability relative to its asset base. Monitoring and addressing the factors affecting ROA will be crucial for the company to maintain financial health and sustainable growth.