Shutterstock (SSTK)

Return on assets (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
Net income (ttm)	US$ in thousands	110,269	118,321	112,942	82,374	76,103	85,943	78,932	88,941	91,883	100,876	107,429	96,962	71,766	50,240	32,592	16,904	20,108	30,668	33,181	29,628
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
ROA		10.64%	11.65%	11.25%	9.78%	8.64%	10.23%	9.30%	11.17%	10.79%	11.99%	13.50%	12.84%	9.84%	7.30%	5.20%	2.75%	3.19%	4.97%	5.60%	5.04%

December 31, 2023 calculation

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

Shutterstock Inc's return on assets (ROA) demonstrates consistent performance over the past eight quarters, ranging from 8.64% to 11.65%. The company's ability to generate profits from its assets has shown improvement compared to the previous year, with Q3 and Q4 of 2023 recording the highest ROA figures at 11.65% and 10.64%, respectively. This indicates that the company is efficiently utilizing its assets to generate earnings for its shareholders. Overall, the trend in ROA suggests that Shutterstock Inc has been effective in managing its assets to generate returns for its investors over the analyzed period.