Delta Air Lines Inc (DAL)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,411,000 | 5,520,000 | 5,668,000 | 5,140,000 | 4,168,000 | 3,662,000 | 2,455,000 | 3,204,000 | 2,501,000 | 1,886,000 | 765,000 | -7,826,000 | -13,457,000 | -12,469,000 | -10,212,000 | -1,755,000 | 5,188,000 | 6,618,000 | 6,309,000 | 5,883,000 |
| Total assets | US$ in thousands | 74,969,000 | 73,644,000 | 73,247,000 | 73,497,000 | 73,134,000 | 72,288,000 | 72,596,000 | 74,805,000 | 73,748,000 | 72,459,000 | 72,783,000 | 75,309,000 | 73,083,000 | 71,996,000 | 79,076,000 | 72,261,000 | 68,738,000 | 64,532,000 | 63,219,000 | 62,518,000 |
| Operating ROA | 8.55% | 7.50% | 7.74% | 6.99% | 5.70% | 5.07% | 3.38% | 4.28% | 3.39% | 2.60% | 1.05% | -10.39% | -18.41% | -17.32% | -12.91% | -2.43% | 7.55% | 10.26% | 9.98% | 9.41% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $6,411,000K ÷ $74,969,000K
= 8.55%
Operating return on assets (ROA) measures how efficiently a company generates operating profits from its assets. Delta Air Lines Inc's operating ROA has shown fluctuations over the past quarters.
The operating ROA has been on an upward trend since the third quarter of 2021, reaching 8.55% as of March 31, 2024. This indicates that Delta Air Lines has been improving its ability to generate operating profits relative to its assets.
The company experienced a significant improvement in operating ROA from negative figures in the first half of 2021 to positive figures in the second half of 2021 and beyond, implying a turnaround in operational efficiency.
It is worth noting that the operating ROA can be influenced by various factors such as revenue growth, cost management, and asset utilization. Delta Air Lines' management may have implemented strategies to improve efficiency and profitability, leading to the observed positive trend in operating ROA.
Overall, the increasing trend in operating ROA reflects positively on Delta Air Lines' operational performance and suggests that the company is effectively utilizing its assets to generate operating profits. It will be essential to monitor future performance to see if the upward trend continues.
Peer comparison
Mar 31, 2024