Shutterstock (SSTK)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	110,269	76,103	91,883	71,766	20,108
Total assets	US$ in thousands	1,036,020	881,184	851,710	729,644	630,512
ROA		10.64%	8.64%	10.79%	9.84%	3.19%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $110,269K ÷ $1,036,020K
= 10.64%

The return on assets (ROA) for Shutterstock Inc has shown a general increasing trend over the past five years, with the ratio improving from 3.19% in 2019 to 10.64% in 2023. This indicates that the company is becoming more efficient in generating profits relative to its total assets. The ROA for 2023 at 10.64% is higher than the previous years, suggesting that the company is effectively utilizing its assets to generate earnings. Overall, the increasing trend in ROA indicates improved asset utilization and profitability for Shutterstock Inc.