Take-Two Interactive Software Inc (TTWO)

Operating return on assets (Operating ROA)

		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	Jun 30, 2019
Operating income (ttm)	US$ in thousands	-3,590,600	-1,579,900	-1,623,300	-1,332,100	-1,165,200	-333,900	-6,900	265,700	473,600	600,533	622,490	717,757	629,400	495,451	496,227	455,680	425,267	361,444	236,390	187,556
Total assets	US$ in thousands	12,216,900	14,895,700	15,207,400	15,525,300	15,862,100	16,881,400	17,492,900	17,744,900	6,546,300	6,357,950	6,619,030	6,314,260	6,028,220	5,966,100	5,836,150	5,369,240	4,948,830	4,879,630	4,815,110	4,366,220
Operating ROA		-29.39%	-10.61%	-10.67%	-8.58%	-7.35%	-1.98%	-0.04%	1.50%	7.23%	9.45%	9.40%	11.37%	10.44%	8.30%	8.50%	8.49%	8.59%	7.41%	4.91%	4.30%

March 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-3,590,600K ÷ $12,216,900K
= -29.39%

Take-Two Interactive Software Inc's operating return on assets (operating ROA) has shown fluctuations over the past few quarters. From March 2024 to September 2023, the operating ROA has been negative, indicating that the company's operating income generated from its assets was insufficient to cover the asset base during these periods. This may raise concerns about the company's ability to efficiently utilize its assets to generate profits.

However, there was a noticeable improvement in the operating ROA from June 2022 to March 2022, where the figures turned positive, indicating that the company was able to generate operating income that exceeded its asset base during these quarters. This suggests better efficiency in the utilization of assets and a stronger operational performance during this period.

Overall, the trend in Take-Two Interactive Software Inc's operating ROA shows both positives and negatives, with periods of underperformance followed by periods of improvement. It is important for the company to consistently monitor and improve its operational efficiency to sustain profitability and enhance shareholder value in the long term.