Alaska Air Group Inc (ALK)

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	235,000	259,000	160,000	59,000	58,000	54,000	208,000	466,000	478,000	13,000	-612,000	-1,223,000	-1,324,000	-696,000	57,000	533,000	769,000	611,000	506,000	437,000
Total assets	US$ in thousands	14,613,000	15,165,000	14,829,000	14,296,000	14,186,000	14,531,000	14,800,000	14,210,000	13,951,000	13,882,000	14,656,000	14,262,000	14,046,000	14,749,000	13,998,000	13,363,000	12,993,000	12,983,000	12,951,000	12,640,000
ROA		1.61%	1.71%	1.08%	0.41%	0.41%	0.37%	1.41%	3.28%	3.43%	0.09%	-4.18%	-8.58%	-9.43%	-4.72%	0.41%	3.99%	5.92%	4.71%	3.91%	3.46%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $235,000K ÷ $14,613,000K
= 1.61%

Alaska Air Group Inc.'s Return on Assets (ROA) has shown fluctuations over the past eight quarters. In Q1 2022, the company achieved a robust ROA of 3.28%, which subsequently declined to 1.41% in Q2 2022. The trend reversed in Q3 2022 as the ROA improved to 0.37% and further increased to 0.41% in Q4 2022. However, the ROA declined in the first two quarters of 2023, reaching 0.41% in Q1 2023 and 1.08% in Q2 2023. Notably, there was a slight improvement to 1.71% in Q3 2023 but dropped again to 1.61% in Q4 2023.

The overall trend of ROA indicates variability in the company's ability to generate profits from its assets over the period analyzed. It is essential for Alaska Air Group Inc. to closely monitor and improve its utilization of assets to enhance profitability and create sustainable value for its stakeholders.