SolarWinds Corp (SWI)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-9,109	-929,413	-51,408	158,475	18,642
Total assets	US$ in thousands	3,250,920	3,200,010	4,792,130	5,710,480	5,310,740
ROA		-0.28%	-29.04%	-1.07%	2.78%	0.35%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-9,109K ÷ $3,250,920K
= -0.28%

SolarWinds Corp's return on assets (ROA) has shown significant fluctuation over the past five years, as follows:
- In 2023, the ROA was -0.28%, indicating a slight negative return on assets.
- In 2022, the ROA plummeted to -29.04%, signaling a substantial decline in the company's ability to generate profit from its assets.
- In 2021, the ROA improved to -1.07%, but still remained negative, reflecting a challenging financial performance.
- In 2020, the ROA recovered to 2.78%, showing a positive return on assets as the company managed to generate profit efficiently from its assets.
- In 2019, the ROA was 0.35%, indicating a modest return on assets for the company.

Overall, SolarWinds Corp's ROA has been volatile, with periods of negative and positive returns. The sharp decline in 2022 raised concerns about the company's asset utilization efficiency, but the subsequent recovery in 2023 suggests ongoing efforts to improve profitability. Further analysis of the company's operational efficiency and asset management practices may provide insights into these fluctuations.