Maplebear Inc. (CART)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	489,000	-2,142,000	62,000	-86,000	-75,000
Total assets	US$ in thousands	4,115,000	4,727,000	3,669,000	2,961,000	2,096,000
Operating ROA		11.88%	-45.31%	1.69%	-2.90%	-3.58%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $489,000K ÷ $4,115,000K
= 11.88%

Maplebear Inc.'s operating return on assets (operating ROA) has shown a mixed performance over the years based on the provided data.

As of December 31, 2020, Maplebear Inc.'s operating ROA was at -3.58%, indicating that the company generated a negative return on its assets. This suggests that the company's operating profitability was insufficient to cover its asset base at that time.

By December 31, 2021, the operating ROA improved slightly to -2.90%, but still remained negative. This indicates that there was a modest improvement in utilizing assets to generate operating income, although the company was still facing challenges in profitability.

Moving on to December 31, 2022, Maplebear Inc.'s operating ROA turned positive, reaching 1.69%. This signifies a significant improvement in the company's ability to generate operating income relative to its asset base, indicating a better operational performance compared to the previous years.

However, by December 31, 2023, the operating ROA plummeted to -45.31%, showing a substantial decline in operating profitability and efficiency in utilizing assets to generate income. This sharp decrease raises concerns about the company's operational performance and asset management during that period.

Finally, as of December 31, 2024, Maplebear Inc. saw a notable recovery in its operating ROA, which increased to 11.88%. This significant improvement suggests that the company was able to substantially enhance its operational efficiency and profitability, demonstrating a strong performance in utilizing its assets to generate operating income.

In conclusion, Maplebear Inc.'s operating ROA has fluctuated over the years, showcasing both challenges and successes in effectively utilizing its assets to generate operating income. The company's performance improved notably in 2022 and 2024, while facing significant setbacks in 2020 and 2023.