American Airlines Group (AAL)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 822,000 | 127,000 | -1,993,000 | -8,885,000 | 1,686,000 |
| Total assets | US$ in thousands | 63,058,000 | 64,716,000 | 66,467,000 | 62,008,000 | 59,995,000 |
| ROA | 1.30% | 0.20% | -3.00% | -14.33% | 2.81% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $822,000K ÷ $63,058,000K
= 1.30%
American Airlines Group Inc's return on assets (ROA) has fluctuated significantly over the past five years. In 2023, the ROA improved to 1.30%, reflecting a positive trend compared to the previous year's 0.20%. However, the company's ROA was negative in 2021 at -3.00%, indicating that the assets were not generating sufficient returns. The most significant decline was observed in 2020 when the ROA plummeted to -14.33%, suggesting an inefficient use of assets and a substantial loss in profitability. Nonetheless, American Airlines managed to achieve a relatively high ROA of 2.81% in 2019. Overall, the fluctuating ROA values imply varying levels of asset efficiency and profitability for the company in recent years.
Peer comparison
Dec 31, 2023