Shutterstock (SSTK)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	68,400	93,624	108,106	85,266	20,155
Total assets	US$ in thousands	1,036,020	881,184	851,710	729,644	630,512
Operating ROA		6.60%	10.62%	12.69%	11.69%	3.20%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $68,400K ÷ $1,036,020K
= 6.60%

Shutterstock Inc's operating return on assets (ROA) has exhibited fluctuations over the past five years. In 2023, the operating ROA decreased to 6.60% compared to 12.74% in 2022, signaling a decline in the efficiency of generating operating profits from its assets. Despite the decrease, the company's 2023 operating ROA remains higher than the levels seen in 2020 and 2019, indicating an improvement in asset utilization and operational performance compared to those years. Overall, the trend suggests that Shutterstock Inc has historically been able to effectively generate operating income relative to its asset base, with some variability in performance over the years.