Take-Two Interactive Software Inc (TTWO)

Operating return on assets (Operating ROA)

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating income	US$ in thousands	-4,391,100	-3,590,600	-1,134,200	473,595	629,384
Total assets	US$ in thousands	9,180,700	12,216,900	15,862,100	6,546,220	6,028,220
Operating ROA		-47.83%	-29.39%	-7.15%	7.23%	10.44%

March 31, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $-4,391,100K ÷ $9,180,700K
= -47.83%

Based on the data provided, Take-Two Interactive Software Inc's operating return on assets (ROA) has experienced fluctuations over the years. In March 31, 2021, the operating ROA was 10.44%, indicating a positive performance in utilizing its assets to generate operating income. However, by March 31, 2022, the operating ROA decreased to 7.23%, suggesting a slight decline in the efficiency of asset utilization.

There was a significant downturn in the operating ROA by March 31, 2023, where it turned negative at -7.15%. This indicates that the company's operating income generated from its assets was insufficient to cover the operating expenses during that period. The trend worsened by March 31, 2024, with a drastic decline in the operating ROA to -29.39%, showing a substantial deterioration in asset performance and operational efficiency.

The data for March 31, 2025, is denoted by "—", implying the absence of reported information for that period. In conclusion, the declining trend in Take-Two Interactive Software Inc's operating ROA from positive figures to negative values raises concerns about the company's operational effectiveness and asset productivity over the years under evaluation.