SolarWinds Corp (SWI)

Return on assets (ROA)

		Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	22,915	12,071	-9,109	-18,944	-307,991	-930,375	-929,413	-942,647	-659,407	-48,907	-51,408	104,950	126,431	150,900	158,475	38,985	30,876	15,912	18,642	-9,324
Total assets	US$ in thousands	3,058,690	3,238,660	3,250,920	3,177,670	3,180,430	3,191,450	3,200,010	3,478,510	4,078,560	4,761,750	4,792,130	4,834,810	5,594,020	5,594,510	5,710,480	5,450,000	5,349,210	5,289,030	5,310,740	5,156,080
ROA		0.75%	0.37%	-0.28%	-0.60%	-9.68%	-29.15%	-29.04%	-27.10%	-16.17%	-1.03%	-1.07%	2.17%	2.26%	2.70%	2.78%	0.72%	0.58%	0.30%	0.35%	-0.18%

June 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $22,915K ÷ $3,058,690K
= 0.75%

SolarWinds Corp's return on assets (ROA) has exhibited significant fluctuations over the past few quarters. The ROA has ranged from a low of -29.15% in March 2023 to a high of 2.78% in March 2021.

The negative ROA values in some periods indicate that the company's net income was not sufficient to cover its total assets, resulting in value destruction for shareholders. However, the positive ROA values in other periods signify that the company has been able to generate profit from its assets.

Overall, SolarWinds Corp should focus on improving its profitability and efficiency in asset utilization to ensure sustainable positive returns to shareholders in the long term.