SPS Commerce Inc (SPSC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 77,054 | 65,824 | 55,134 | 44,597 | 45,586 |
| Total assets | US$ in thousands | 1,031,230 | 823,844 | 672,914 | 615,846 | 526,458 |
| ROA | 7.47% | 7.99% | 8.19% | 7.24% | 8.66% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $77,054K ÷ $1,031,230K
= 7.47%
SPS Commerce Inc's return on assets (ROA) has exhibited some fluctuations over the years. The ROA decreased from 8.66% as of December 31, 2020, to 7.24% as of December 31, 2021, indicating a decline in the company's ability to generate profit from its assets. However, there was a slight improvement in ROA to 8.19% as of December 31, 2022. Subsequently, the ROA decreased slightly to 7.99% as of December 31, 2023, and further to 7.47% as of December 31, 2024.
Overall, SPS Commerce Inc's ROA performance suggests that the company may have experienced some challenges in optimizing its asset utilization and profitability during the period under review. Investors and analysts may want to delve deeper into the company's operational and financial strategies to understand the factors influencing these fluctuations in ROA.
Peer comparison
Dec 31, 2024