Delta Air Lines Inc (DAL)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,609,000 | 1,318,000 | 280,000 | -12,385,000 | 4,767,000 |
| Total assets | US$ in thousands | 73,644,000 | 72,288,000 | 72,459,000 | 71,996,000 | 64,532,000 |
| ROA | 6.26% | 1.82% | 0.39% | -17.20% | 7.39% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $4,609,000K ÷ $73,644,000K
= 6.26%
Delta Air Lines, Inc.'s return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA was 6.26%, a significant improvement from the previous year's 1.82%. This indicates that the company's profitability relative to its total assets increased substantially in 2023. The ROA in 2021 and 2019 was relatively low at 0.39% and 7.39%, respectively.
However, in 2020, Delta Air Lines, Inc. experienced a negative ROA of -17.20%, which may have been influenced by the significant challenges faced by the airline industry during the global pandemic. Overall, the improvement in ROA in 2023 suggests that the company may have implemented effective strategies to optimize asset utilization and generate higher returns compared to the previous year.
Peer comparison
Dec 31, 2023