DoorDash, Inc. Class A Common Stock (DASH)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -38,000 | -579,000 | -1,032,000 | -452,000 | -436,000 |
| Total assets | US$ in thousands | 12,845,000 | 10,839,000 | 9,789,000 | 6,809,000 | 6,353,000 |
| Operating ROA | -0.30% | -5.34% | -10.54% | -6.64% | -6.86% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-38,000K ÷ $12,845,000K
= -0.30%
The operating return on assets (ROA) for DoorDash, Inc. Class A Common Stock exhibits a trend characterized by persistent negative values over the analyzed period from December 31, 2020, to December 31, 2024. At the end of 2020, the operating ROA was recorded at -6.86%, indicating that the company's core operational profitability relative to its total assets was significantly impaired. This negative figure persisted into 2021, with a marginal improvement to -6.64%, suggesting a slight reduction in operational inefficiency or loss relative to the asset base.
In 2022, the operating ROA declined further to -10.54%, reflecting a deterioration in operational efficiency and a greater negative impact when relating operating income to total assets. This decline indicates an increased burden of operational costs or reduced margins, which undermined asset utilization effectiveness during that period.
By the end of 2023, a notable improvement was observed, with the operating ROA improving to -5.34%. Although still negative, this shift signifies a narrowing of operational losses relative to the asset base, possibly attributable to cost management, revenue growth, or strategic adjustments that enhanced operational cash flow.
Most significantly, by December 31, 2024, the operating ROA approached near-neutrality at -0.30%. This suggests substantial progress toward operational efficiency, approaching break-even levels in terms of generating operating income relative to the company's asset investments. The trend indicates a meaningful recovery trajectory, reflecting either increased revenues, improved cost control, or operational restructuring efforts.
In summary, the operating ROA for DoorDash, Inc. has demonstrated a pattern of initial negative performance, deterioration in 2022, followed by a steady and substantial improvement through 2023 and 2024. The narrowing of negative values signifies significant efforts toward enhancing operational profitability relative to assets, although the company has yet to fully transition into positive territory during the provided period.
Peer comparison
Dec 31, 2024