Ziff Davis Inc (ZD)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 41,503 | 45,552 | 94,708 | 31,593 | 63,757 | 356,792 | 381,176 | 443,329 | 496,714 | 194,296 | 212,610 | 234,994 | 150,668 | 215,603 | 185,465 | 179,953 | 218,806 | 146,397 | 146,375 | 142,265 |
| 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 |
| ROA | 1.20% | 1.35% | 2.73% | 0.90% | 1.80% | 10.39% | 10.76% | 12.10% | 13.17% | 5.07% | 5.74% | 6.34% | 4.11% | 6.45% | 5.42% | 5.34% | 6.24% | 5.06% | 5.21% | 5.38% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $41,503K ÷ $3,471,020K
= 1.20%
Based on the data provided for Ziff Davis Inc's return on assets (ROA) over the past eight quarters, we observe fluctuations in the company's performance. The ROA ranged from a low of 0.90% in Q1 2023 to a high of 12.10% in Q2 2022. The trend shows a gradual decline in ROA from the second quarter of 2022 to the first quarter of 2023, with a notable decrease in the most recent quarters.
The decreasing trend in ROA may indicate that Ziff Davis Inc's ability to generate profits from its assets has been weakening over the quarters. The sharp decline from double-digit ROA figures in the second and third quarters of 2022 to single-digit figures in the following quarters raises concerns about the company's efficiency in utilizing its assets to generate earnings.
It is essential for stakeholders to closely monitor Ziff Davis Inc's asset management and profitability strategies to address the declining trend in ROA. Understanding the reasons behind the fluctuations in ROA is critical for assessing the company's financial health and making informed decisions regarding investments or operational improvements. Further analysis of the company's financial statements and performance indicators is advisable to gain a comprehensive understanding of its overall financial position and prospects.