Booking Holdings Inc (BKNG)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	4,289,000	3,058,000	1,165,000	59,000	4,865,000
Total assets	US$ in thousands	24,342,000	25,361,000	23,641,000	21,874,000	21,402,000
ROA		17.62%	12.06%	4.93%	0.27%	22.73%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $4,289,000K ÷ $24,342,000K
= 17.62%

Booking Holdings Inc's return on assets (ROA) has fluctuated over the past five years, with a significant increase from 2020 to 2021, followed by a slight drop in 2022, and then a notable increase in 2023.

In 2019, the ROA was exceptionally high at 22.73%, indicating strong asset utilization efficiency. This was followed by a sharp decline in 2020 to 0.27%, suggesting a significant decrease in the company's ability to generate profits from its assets.

However, the company rebounded strongly in 2021 with an ROA of 4.93%, showing an improvement in utilizing its assets more efficiently. Subsequently, in 2022 and 2023, the ROA continued to increase to 12.06% and 17.62%, respectively, indicating a positive trend in profitability relative to the assets employed.

Overall, Booking Holdings Inc's ROA performance has shown variability over the years, reflecting changes in the company's ability to generate profits from its assets. The upward trend in recent years suggests improving efficiency in utilizing assets to generate returns for the company and its shareholders.