Shutterstock (SSTK)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	68,400	73,923	85,416	102,075	93,624	100,571	94,055	101,906	108,106	121,105	128,283	117,603	85,266	63,476	37,312	17,837	20,155	29,991	33,507	36,062
Total assets	US$ in thousands	1,036,020	1,015,920	1,004,260	842,523	881,184	840,180	848,568	795,978	851,710	841,177	795,852	755,144	729,644	688,282	626,331	614,965	630,512	617,237	592,953	587,497
Operating ROA		6.60%	7.28%	8.51%	12.12%	10.62%	11.97%	11.08%	12.80%	12.69%	14.40%	16.12%	15.57%	11.69%	9.22%	5.96%	2.90%	3.20%	4.86%	5.65%	6.14%

December 31, 2023 calculation

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

To analyze Shutterstock Inc's operating return on assets (operating ROA) based on the data provided, we observe a fluctuating trend over the past eight quarters. The operating ROA has ranged from a low of 6.60% in Q4 2023 to a high of 14.33% in Q1 2023.

In the most recent quarters, Q3 2023 and Q2 2023, the operating ROA decreased compared to the previous quarters, indicating a potential decline in operational efficiency and profitability. However, it's worth noting that Q4 2023 saw a slight improvement from the previous quarter.

Overall, while the operating ROA of Shutterstock Inc has displayed some volatility, the company has generally shown a strong ability to generate income from its assets, with the ratio consistently above 10% in most quarters. Further analysis of the company's operational performance and asset utilization efficiency would provide additional insights into the factors driving these fluctuations in operating ROA.