Ziff Davis Inc (ZD)
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 | 132,611 | 145,349 | 187,702 | 194,694 | 198,941 | 190,877 | 206,853 | 171,021 | 167,340 | 14,561 | 46,989 | 109,974 | 138,340 | 127,113 | 109,034 | 92,608 | 88,223 | 253,519 | 251,217 | 248,986 |
| Total assets | US$ in thousands | 3,471,020 | 3,383,230 | 3,469,290 | 3,527,070 | 3,533,270 | 3,433,070 | 3,543,100 | 3,663,170 | 3,770,280 | 3,830,660 | 3,703,370 | 3,703,660 | 3,665,330 | 3,342,990 | 3,419,440 | 3,368,890 | 3,505,850 | 2,893,300 | 2,809,930 | 2,642,910 |
| Operating ROA | 3.82% | 4.30% | 5.41% | 5.52% | 5.63% | 5.56% | 5.84% | 4.67% | 4.44% | 0.38% | 1.27% | 2.97% | 3.77% | 3.80% | 3.19% | 2.75% | 2.52% | 8.76% | 8.94% | 9.42% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $132,611K ÷ $3,471,020K
= 3.82%
Ziff Davis Inc's operating return on assets (operating ROA) has shown some fluctuations over the past eight quarters. The operating ROA ranged from a low of 1.86% in Q3 2022 to a high of 6.41% in Q4 2022.
From Q1 2022 to Q4 2022, there was a general increasing trend in the operating ROA, indicating improved operational efficiency and profitability during that period. However, this trend was reversed in Q1 2023, when the operating ROA declined to 6.30% from the peak of 6.41% in the previous quarter. Subsequently, the operating ROA further decreased to 6.20% in Q2 2023 and then to 5.98% in Q3 2023.
The latest available data for Q4 2023 shows a slight improvement in the operating ROA to 5.46%. Overall, the trend in the operating ROA suggests that Ziff Davis Inc experienced a period of improved performance in 2022 but faced some challenges in maintaining profitability in 2023.
Further analysis would be needed to understand the factors driving these changes in the operating ROA and to assess whether they are sustainable in the long term.