Alaska Air Group Inc (ALK)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 395,000 | 235,000 | 58,000 | 478,000 | -1,307,000 |
| Total assets | US$ in thousands | 19,768,000 | 15,834,000 | 14,281,000 | 13,951,000 | 14,046,000 |
| ROA | 2.00% | 1.48% | 0.41% | 3.43% | -9.31% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $395,000K ÷ $19,768,000K
= 2.00%
Alaska Air Group Inc's return on assets (ROA) has been fluctuating over the past five years. In December 2020, the ROA was at a concerning -9.31%, indicating the company had a negative return relative to its assets. However, there has been a significant improvement since then, with the ROA increasing to 3.43% by December 2021. This positive trend continued in December 2022, with the ROA standing at 0.41%, showing a slight decrease before starting to climb again.
By December 2023, the ROA further improved to 1.48%, indicating the company was generating a better return on its assets. Finally, in December 2024, Alaska Air Group Inc's ROA reached 2.00%, indicating continued progress in utilizing its assets more efficiently to generate profits. Overall, these fluctuations in ROA suggest that Alaska Air Group Inc has been actively working to enhance its operational performance and efficiency in utilizing its assets to generate returns for its shareholders.
Peer comparison
Dec 31, 2024