Maplebear Inc. (CART)

Return on assets (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
Net income (ttm)	US$ in thousands	457,000	444,000	-1,673,000	-1,620,000	-1,622,000	-1,291,000	744,000	638,000	428,000	-79,500	-157,000	-137,000	-50,000	-7,073	36,245	8,582	4,528
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
ROA		11.11%	11.31%	-41.54%	-39.54%	-34.31%	-29.20%	19.65%	17.17%	11.67%	-2.17%	-5.18%	—	-1.69%	-0.24%	—	—	0.73%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $457,000K ÷ $4,115,000K
= 11.11%

The return on assets (ROA) of Maplebear Inc. has exhibited significant fluctuations over the observed periods. Historically, the company's ROA was positive, indicating its ability to generate earnings relative to its total assets. However, the ROA turned negative in recent quarters, signaling a decline in profitability relative to its asset base.

In particular, the ROA dropped sharply in the latter half of 2022 and continued to deteriorate into 2023, reaching its lowest point in June 2024. This suggests that Maplebear Inc. faced challenges in efficiently utilizing its assets to generate profits during this period.

Subsequently, there was a significant turnaround as the ROA improved notably in the latter part of 2024, indicating a potential resurgence in the company's profitability and efficiency in asset utilization.

Overall, the fluctuating ROA trend of Maplebear Inc. underscores the importance of closely monitoring and analyzing the company's financial performance and operational efficiency in relation to its asset utilization.