Maplebear Inc. (CART)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 508,000 | 401,000 | -2,194,000 | -2,139,000 | -2,150,000 | -2,096,000 | 394,000 | 302,000 | 69,000 | -76,000 | -152,000 | -138,000 | -52,000 | -7,077 | 38,258 | 9,668 | 5,918 |
| Total assets | US$ in thousands | 4,115,000 | 3,926,000 | 4,027,000 | 4,097,000 | 4,727,000 | 4,421,000 | 3,787,000 | 3,715,000 | 3,669,000 | 3,669,000 | 3,030,000 | — | 2,961,000 | 2,961,000 | — | — | 622,535 |
| Operating ROA | 12.35% | 10.21% | -54.48% | -52.21% | -45.48% | -47.41% | 10.40% | 8.13% | 1.88% | -2.07% | -5.02% | — | -1.76% | -0.24% | — | — | 0.95% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $508,000K ÷ $4,115,000K
= 12.35%
Maplebear Inc.'s operating return on assets (ROA) has shown fluctuations over the periods measured. As of September 30, 2019, the operating ROA was 0.95%, indicating a positive return on assets. However, the operating ROA for subsequent periods varied: reaching negative figures in the fourth quarter of 2021 (-1.76%), and continuing to decline into the second quarter of 2024 (-54.48%). Notably, there was a sharp recovery in the first quarter of 2023, with an operating ROA of 8.13%, followed by a significant improvement to 12.35% by the end of December 2024.
The negative trends observed from September 2021 to September 2024 may indicate operational inefficiencies or financial challenges faced by Maplebear Inc. during those periods. The positive operating ROA seen in the first and fourth quarters of 2023 and 2024, respectively, points to potential recovery and improved profitability for the company.
It is essential for Maplebear Inc. to investigate the factors contributing to the fluctuations in the operating ROA and take appropriate measures to sustain positive returns and improve overall financial performance. Periodic monitoring and strategic decision-making based on these ratios will be crucial for the company's long-term success.
Peer comparison
Dec 31, 2024