Delta Air Lines Inc (DAL)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 5,009,000 | 4,609,000 | 3,401,000 | 2,988,000 | 1,896,000 | 1,319,000 | 82,000 | 599,000 | 516,000 | 279,000 | -68,000 | -6,659,000 | -13,028,000 | -12,385,000 | -10,531,000 | -3,657,000 | 3,503,000 | 4,767,000 | 4,687,000 | 4,514,000 |
| 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 |
| ROA | 6.68% | 6.26% | 4.64% | 4.07% | 2.59% | 1.82% | 0.11% | 0.80% | 0.70% | 0.39% | -0.09% | -8.84% | -17.83% | -17.20% | -13.32% | -5.06% | 5.10% | 7.39% | 7.41% | 7.22% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $5,009,000K ÷ $74,969,000K
= 6.68%
Delta Air Lines Inc's return on assets (ROA) has shown significant fluctuations over the past several quarters. The ROA increased steadily from -17.83% in March 2021 to 6.68% in March 2024. This improvement indicates that the company has been able to generate more profit relative to its total assets.
The positive trend in ROA suggests that Delta Air Lines has been effective in managing its assets to generate earnings. The highest ROA of 6.68% in March 2024 indicates that the company is utilizing its assets efficiently to generate profits.
It is important to note that the ROA dipped into negative figures in the third quarter of 2021 and experienced a low point of -17.83% in March 2021, indicating potential challenges or losses during that period. However, the company managed to improve its performance significantly since then.
Overall, the improving trend in Delta Air Lines Inc's ROA reflects positively on the company's ability to generate earnings from its assets and suggests better financial performance and management efficiency going forward.
Peer comparison
Mar 31, 2024