Booking Holdings Inc (BKNG)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,835,000 | 6,571,000 | 6,051,000 | 5,378,000 | 5,102,000 | 4,605,000 | 4,037,000 | 2,981,000 | 2,496,000 | 1,495,000 | -205,000 | -633,000 | -631,000 | 694,000 | 2,749,000 | 4,480,000 | 5,345,000 | 5,316,000 | 5,193,000 | 5,167,000 |
| Total assets | US$ in thousands | 24,342,000 | 25,635,000 | 26,558,000 | 25,206,000 | 25,361,000 | 22,063,000 | 24,493,000 | 22,384,000 | 23,641,000 | 23,341,000 | 23,881,000 | 23,655,000 | 21,874,000 | 22,145,000 | 20,912,000 | 17,862,000 | 21,402,000 | 21,446,000 | 21,494,000 | 22,366,000 |
| Operating ROA | 23.97% | 25.63% | 22.78% | 21.34% | 20.12% | 20.87% | 16.48% | 13.32% | 10.56% | 6.41% | -0.86% | -2.68% | -2.88% | 3.13% | 13.15% | 25.08% | 24.97% | 24.79% | 24.16% | 23.10% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $5,835,000K ÷ $24,342,000K
= 23.97%
Booking Holdings Inc's operating return on assets (operating ROA) has shown a positive trend over the last eight quarters. The operating ROA has consistently increased from 13.50% in Q1 2022 to 23.99% in Q4 2023.
This indicates that the company has been generating more operating income relative to its total assets, reflecting a higher efficiency in asset utilization and operational performance. The upward trend in operating ROA suggests that Booking Holdings Inc is effectively managing its assets to generate operating profits.
The relatively high operating ROA values, especially in the most recent quarters, such as 24.72% in Q3 2023 and 23.99% in Q4 2023, indicate that Booking Holdings Inc is effectively utilizing its assets to generate higher operating income. This may be attributed to improved operational efficiency, effective cost management, or revenue growth.
Overall, the consistent improvement in operating ROA reflects positively on Booking Holdings Inc's operational performance and suggests that the company is efficiently using its assets to generate profits.
Peer comparison
Dec 31, 2023