Teradata Corp (TDC)

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	186,000	150,000	148,000	129,000	118,000	157,000	162,000	218,000	231,000	194,000	165,000	103,000	16,000	-2,000	7,000	9,000	10,000	38,000	42,000	42,000
Total assets	US$ in thousands	1,873,000	1,740,000	1,869,000	1,986,000	2,022,000	1,818,000	1,895,000	1,895,000	2,169,000	2,134,000	2,245,000	2,203,000	2,193,000	2,117,000	2,102,000	2,151,000	2,057,000	1,979,000	2,123,000	2,286,000
Operating ROA		9.93%	8.62%	7.92%	6.50%	5.84%	8.64%	8.55%	11.50%	10.65%	9.09%	7.35%	4.68%	0.73%	-0.09%	0.33%	0.42%	0.49%	1.92%	1.98%	1.84%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $186,000K ÷ $1,873,000K
= 9.93%

To analyze Teradata Corp's operating return on assets (operating ROA) over the past eight quarters, we can see a fluctuating trend. The operating ROA started at 11.50% in Q1 2022, then decreased to 8.55% in Q2 2022, before increasing to 8.64% in Q3 2022. However, in Q4 2022, there was a notable drop to 5.84%.

Moving into 2023, there was a gradual improvement in operating ROA, with values of 6.50%, 7.92%, 8.62%, and finally, 9.93% in Q1, Q2, Q3, and Q4 2023, respectively. This indicates more efficient utilization of assets to generate operating profits during the year.

Overall, Teradata Corp's operating ROA has shown some volatility, but the positive trend in 2023 suggests a potentially improving operational performance efficiency and profitability. It would be important to monitor future quarters to assess if this trend continues and whether it translates into sustained value creation for the company.