Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Profitability Ratios (Summary)
Roper Technologies Inc., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
- Gross Profit Margin
- The gross profit margin demonstrates a steady upward trend from the earliest period available in 2018 through to the most recent data in 2023. Initially recorded around 63.17%, this margin has increased consistently, reaching approximately 69.79% by late 2023. This indicates an improvement in the efficiency of production or service processes, allowing the company to retain a larger portion of revenue as gross profit over time.
- Operating Profit Margin
- The operating profit margin displays more fluctuation compared to the gross profit margin but remains relatively stable overall. Starting around 26.9% in early 2019, it experienced slight declines and recoveries throughout the periods, with occasional dips below 26%. However, by 2023, the margin recovered to a higher level, above 28%, highlighting effective control over operating costs and potentially improved operational leverage.
- Net Profit Margin
- The net profit margin shows significant variability across the quarters. From values around 18% to 21% in 2018 and 2019, the margin notably spikes multiple times, reaching peaks above 50% during certain quarters in 2022 and 2023. This pattern suggests episodic influences such as one-time gains, tax benefits, or other non-recurring items that temporarily enhanced profitability. Despite these fluctuations, the net margin remains elevated in recent quarters, indicating strong bottom-line performance overall.
- Return on Equity (ROE)
- Return on equity follows a pattern of moderate increase from approximately 12% in early 2018 to nearly 17-28% in later periods. The data reveals periods of decline and recovery, with peaks in 2022 and 2023 approaching or exceeding 28%. This reflects an improvement in generating returns for shareholders, possibly owing to efficient capital management and profitable operations.
- Return on Assets (ROA)
- Return on assets is characterized by fluctuating yet generally rising values, beginning near 6.2% and reaching levels beyond 10% in recent quarters. Notably, there are periods of sharp increase such as those in 2022 and 2023 when ROA exceeded 16%, indicating enhanced efficiency in utilizing assets to generate earnings. This upward movement corroborates stronger asset productivity and operational effectiveness over the observed timeframe.
Return on Sales
Return on Investment
Gross Profit Margin
Roper Technologies Inc., gross profit margin calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Gross profit | ||||||||||||||||||||||||||||||
| Net revenues | ||||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Gross profit margin1 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | ||||||||||||||||||||||||||||||
| Arista Networks Inc. | ||||||||||||||||||||||||||||||
| Cisco Systems Inc. | ||||||||||||||||||||||||||||||
| Dell Technologies Inc. | ||||||||||||||||||||||||||||||
| Super Micro Computer Inc. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Gross profit margin = 100
× (Gross profitQ3 2023
+ Gross profitQ2 2023
+ Gross profitQ1 2023
+ Gross profitQ4 2022)
÷ (Net revenuesQ3 2023
+ Net revenuesQ2 2023
+ Net revenuesQ1 2023
+ Net revenuesQ4 2022)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Gross Profit
- The gross profit demonstrates a general upward trend from March 2018 through September 2023. Starting at approximately $750.5 million in the first quarter of 2018, it steadily increased, with occasional modest declines notably between December 2019 and March 2020, as well as from March 2022 to June 2022. The highest recorded gross profit is around $1.096 billion in September 2023, indicating significant growth over the observed period.
- Net Revenues
- Net revenues follow a broadly upward trajectory similar to gross profit, rising from about $1.2025 billion in March 2018 to approximately $1.563 billion in September 2023. While net revenues generally increase, some fluctuations and temporary declines are evident, such as decreases from December 2019 to June 2020 and from March 2022 to June 2022. Following these dips, revenues resumed their growth, reaching all-time highs in recent quarters.
- Gross Profit Margin
- The gross profit margin exhibits a consistent and steady improvement over the span from March 2019 to September 2023. Starting at around 63.17% in March 2019, the margin incrementally rises quarter-over-quarter, surpassing 69% after early 2022. This trend reflects an increasing efficiency or pricing power in the company's operations, suggesting enhanced profitability relative to revenues.
- Overall Analysis
- The financial data reveals sustained growth in both gross profit and net revenues over more than five years, with gross profit margin progressively improving. Despite some short-term fluctuations likely influenced by external or market conditions, the underlying upward trend indicates solid business performance and improving operational effectiveness. The expansion in gross profit margin is particularly notable, reflecting stronger cost control or favorable product mix enhancements across multiple periods.
Operating Profit Margin
Roper Technologies Inc., operating profit margin calculation (quarterly data)
| Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Income from operations | ||||||||||||||||||||||||||||||
| Net revenues | ||||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Operating profit margin1 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | ||||||||||||||||||||||||||||||
| Arista Networks Inc. | ||||||||||||||||||||||||||||||
| Cisco Systems Inc. | ||||||||||||||||||||||||||||||
| Dell Technologies Inc. | ||||||||||||||||||||||||||||||
| Super Micro Computer Inc. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Operating profit margin = 100
× (Income from operationsQ3 2023
+ Income from operationsQ2 2023
+ Income from operationsQ1 2023
+ Income from operationsQ4 2022)
÷ (Net revenuesQ3 2023
+ Net revenuesQ2 2023
+ Net revenuesQ1 2023
+ Net revenuesQ4 2022)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data exhibits several noteworthy trends over the observed periods. Net revenues display a generally upward trajectory with some fluctuations. From March 2018 to December 2019, net revenues gradually increased from approximately 1,202,500 thousand USD to 1,394,800 thousand USD. A slight dip follows in 2022 with revenues around 1,279,800 to 1,350,300 thousand USD, before recovering to reach higher levels by September 2023, peaking at approximately 1,563,400 thousand USD. This depicts resilience and an overall growth tendency in revenue generation despite intermittent downturns.
Income from operations follows a similar pattern but with more pronounced fluctuations. Starting at 300,200 thousand USD in March 2018, it rises and peaks near the end of 2019 around 398,400 thousand USD. There is a notable decline in 2021, particularly visible in the fourth quarter, dropping to 320,600 thousand USD. However, a sustained recovery trend is evident from early 2022 onward, culminating in the highest recorded figure of 446,100 thousand USD by the third quarter of 2023. These swings may suggest varying operational efficiencies or cost management challenges during certain periods but demonstrate overall improvement toward the end of the timeline.
The operating profit margin percentage data, available from March 2019, remains relatively stable throughout the reported quarters, hovering mostly between roughly 25.6% and 28.4%. Minor fluctuations appear cyclically with no drastic changes, indicating consistent profitability relative to revenues. The margin slightly dips at certain points, such as during 2021 and early 2022, coinciding with the income from operations' volatility, but recovers consistently afterward, reaching its highest margin in March 2023 at 28.38%. This stability suggests effective control of operating costs relative to revenue generation over time.
- Net Revenues
- Overall growth with a dip in early 2022 but strong recovery and new highs by late 2023.
- Income from Operations
- Increases until late 2019, followed by a decline in late 2021, with a subsequent and strong rebound through 2023.
- Operating Profit Margin
- Maintains consistent margins between 25.6% and 28.4%, reflecting sustained operational profitability amidst revenue and income fluctuations.
In summary, the data indicates a company experiencing general revenue growth and operational profit stability, despite some periods of income volatility. The recovery in income and margin towards the end of the period signals effective management responses to previous challenges and positions the company positively for future performance.
Net Profit Margin
Roper Technologies Inc., net profit margin calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net earnings | ||||||||||||||||||||||||||||||
| Net revenues | ||||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Net profit margin1 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | ||||||||||||||||||||||||||||||
| Arista Networks Inc. | ||||||||||||||||||||||||||||||
| Cisco Systems Inc. | ||||||||||||||||||||||||||||||
| Dell Technologies Inc. | ||||||||||||||||||||||||||||||
| Super Micro Computer Inc. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Net profit margin = 100
× (Net earningsQ3 2023
+ Net earningsQ2 2023
+ Net earningsQ1 2023
+ Net earningsQ4 2022)
÷ (Net revenuesQ3 2023
+ Net revenuesQ2 2023
+ Net revenuesQ1 2023
+ Net revenuesQ4 2022)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data reveals notable trends in net earnings, net revenues, and net profit margins over the observed quarters. Net earnings and net revenues display fluctuations with some periods of significant growth, while net profit margins indicate notable variability and peak values in recent periods.
- Net Earnings
- Net earnings generally show an upward trajectory from the early quarters starting at approximately 211.3 million USD in March 2018 to a pronounced peak of 2.02 billion USD in March 2022. This surge is followed by a pattern of fluctuation around the 200 to 364 million USD range in subsequent quarters through mid-2023. The data suggests some periods of extraordinary income, particularly the quarters ending December 2019 and March 2022, which significantly elevate the earnings levels.
- Net Revenues
- Net revenues exhibit a relatively steady increase with mild fluctuations. Starting around 1.2 billion USD in March 2018, revenues gradually increase to approximately 1.56 billion USD by September 2023. Noteworthy, revenues tend to dip slightly during the quarters coinciding with higher earnings spikes, such as in early 2020 and 2022, but the overall trend is upward, indicating consistent growth in core operations despite periodic volatility.
- Net Profit Margin
- Profit margins manifest significant variation between quarters. Initial margin data from early 2019 indicate values ranging from about 18% to 21.5%, reflecting solid profitability relative to revenues. By 2022 and 2023, margins increase dramatically with peaks exceeding 50% and even reaching an anomalous figure above 80% in March 2023. These unusually high margins coincide with some of the highest net earnings quarters, suggesting extraordinary or one-time gains contributing to profitability beyond typical operational margins. However, the margins normalize downward slightly by mid-2023, though still remaining substantially high compared to earlier years.
In summary, the company’s financial performance shows a pattern of stable revenue growth accompanied by episodic surges in net earnings and profit margins. The spikes in earnings and margins likely reflect non-recurring events or gains, which significantly impact profitability metrics in the short term. The overall data points to a strong operational performance with intermittent extraordinary influences driving financial results.
Return on Equity (ROE)
Roper Technologies Inc., ROE calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net earnings | ||||||||||||||||||||||||||||||
| Stockholders’ equity | ||||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| ROE1 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | ||||||||||||||||||||||||||||||
| Arista Networks Inc. | ||||||||||||||||||||||||||||||
| Cisco Systems Inc. | ||||||||||||||||||||||||||||||
| Dell Technologies Inc. | ||||||||||||||||||||||||||||||
| Super Micro Computer Inc. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
ROE = 100
× (Net earningsQ3 2023
+ Net earningsQ2 2023
+ Net earningsQ1 2023
+ Net earningsQ4 2022)
÷ Stockholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Earnings
- Net earnings demonstrate a pattern of volatility with notable fluctuations across the quarterly periods. Initially, between early 2018 and the end of 2019, net earnings exhibit an upward trajectory with intermittent declines. A significant spike is observed at the end of 2019, reaching an exceptional peak. However, this is followed by a decline in 2020, where earnings reduce compared to late 2019 levels but gradually increase again towards the end of 2020 and through 2021. The year 2022 shows another substantial increase, peaking in the first quarter, followed by a sharp drop in the third quarter before rising once more by the last quarter. The data through 2023 reflects high variability, with significant earnings reported but not consistently sustaining the peak levels observed in 2022.
- Stockholders’ Equity
- Stockholders’ equity shows a steady and consistent growth trend from the first quarter of 2018 through the third quarter of 2023. The equity value increases every quarter without any visible decline or reversal, indicating ongoing accumulation of net assets. There is a pronounced acceleration in equity growth starting from early 2022, with equity surpassing 16 billion US dollars, which suggests enhanced capital retention or additional equity infusions during this period.
- Return on Equity (ROE)
- Return on equity data is partially missing for early 2018 to early 2019 but from mid-2019 onwards reveals cyclical behavior connected to net earnings fluctuations. ROE peaks sharply at the end of 2019, coinciding with the spike in net earnings, achieving levels above 18%. Subsequently, it decreases and plateaus around 9-10% through 2020 and 2021, indicating reduced profitability efficiency relative to equity during that period. A remarkable increase occurs again in 2022, with ROE surging above 20% and reaching nearly 28% in the first quarter of 2023, reflecting enhanced earnings generation relative to equity. The subsequent quarters of 2023 show a slight decline but maintain relatively strong ROE levels above 17%, indicating sustained profitability at a high level despite some quarterly volatility.
Return on Assets (ROA)
Roper Technologies Inc., ROA calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net earnings | ||||||||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| ROA1 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | ||||||||||||||||||||||||||||||
| Arista Networks Inc. | ||||||||||||||||||||||||||||||
| Cisco Systems Inc. | ||||||||||||||||||||||||||||||
| Dell Technologies Inc. | ||||||||||||||||||||||||||||||
| Super Micro Computer Inc. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
ROA = 100
× (Net earningsQ3 2023
+ Net earningsQ2 2023
+ Net earningsQ1 2023
+ Net earningsQ4 2022)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The quarterly financial data reveals several notable trends in profitability, asset growth, and return on assets (ROA) over the observed periods.
- Net Earnings
- Net earnings demonstrate considerable variability across the quarters, with an overall upward trajectory when comparing the earliest and latest periods. The value started at 211.3 million US dollars at the end of March 2018 and progressed with fluctuations to reach as high as approximately 2.02 billion by March 2022, indicating significant earnings growth over four years. However, there are notable peaks and troughs within the timeline—for instance, earnings spiked sharply to 871.1 million at the end of December 2019 but subsequently dropped and then rose again in the following years. This pattern reflects periods of strong performance interrupted by declines, potentially connected to operational or market conditions. The most recent quarters show net earnings stabilizing in the range of approximately 283 to 364 million, suggesting a phase of relative earnings consistency following previous volatility.
- Total Assets
- Total assets increased steadily from approximately 14.07 billion US dollars in March 2018 to about 28.19 billion by the last recorded quarter in September 2023. This near doubling over the period is indicative of considerable asset expansion, possibly driven by investments, acquisitions, or natural growth of the business base. Asset accumulation is mostly consistent, with few declines, and noticeable jumps occur in some quarters—for example, between June 2020 and September 2020, when assets rose significantly from 19.14 billion to 23.65 billion. Such sizable increases suggest strategic capital deployment contributing to the company's expanding resource base.
- Return on Assets (ROA)
- Return on assets, expressed as a percentage, begins to appear in the data starting from March 2019 with a value of 6.19%. Over the following years, ROA shows some fluctuations but generally remains between about 3.95% and 7.15% until the end of 2021. Beginning in early 2022, ROA rises substantially, reaching values above 10% and peaking at 16.84% at the end of March 2023. This upward trend indicates increasingly efficient utilization of assets to generate earnings, especially notable given the concurrent asset growth. The strong ROA in 2022 and 2023 suggests enhanced profitability relative to the company's asset base, despite mixed earnings volatility in the same timeframe.
In summary, the financial data illustrates a company experiencing robust asset growth and rising returns on those assets over time, with net earnings showing significant but irregular increases culminating in substantial profitability spikes. The improved ROA in recent periods underscores enhanced asset efficiency, while the fluctuations in earnings suggest sensitivity to market or operational variables impacting quarterly performance.