DoorDash, Inc. Class A Common Stock (DASH)
Operating return on assets (Operating ROA)
| Mar 31, 2025 | 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 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 180,000 | -36,000 | -242,000 | -457,000 | -469,000 | -577,000 | -774,000 | -974,000 | -1,036,000 | -1,040,000 | -906,000 | -698,000 | -524,000 | -450,000 | -603,000 | -538,000 | -412,000 | -436,000 | -268,000 |
| Total assets | US$ in thousands | 13,572,000 | 12,845,000 | 12,277,000 | 11,837,000 | 11,450,000 | 10,839,000 | 10,013,000 | 9,601,000 | 9,646,000 | 9,789,000 | 9,552,000 | 9,928,000 | 6,822,000 | 6,809,000 | 6,358,000 | 6,182,000 | 5,902,000 | 6,353,000 | 2,874,000 |
| Operating ROA | 1.33% | -0.28% | -1.97% | -3.86% | -4.10% | -5.32% | -7.73% | -10.14% | -10.74% | -10.62% | -9.48% | -7.03% | -7.68% | -6.61% | -9.48% | -8.70% | -6.98% | -6.86% | -9.32% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $180,000K ÷ $13,572,000K
= 1.33%
The operating return on assets (ROA) for DoorDash, Inc. Class A Common Stock has exhibited a marked trend over the period from September 2020 through March 2025. Initially, the company reported negative operating ROA figures, indicating that the firm was operating at a loss relative to its assets. Specifically, in September 2020, the operating ROA was approximately -9.32%, and it remained deeply negative through the subsequent periods, with values such as -6.86% in December 2020, -6.98% in March 2021, and -8.70% in June 2021. The negative trend persisted, with the operating ROA reaching around -10.74% in March 2023, reflecting continued challenges in generating operating income proportionate to asset levels.
From the second half of 2023 onwards, a noticeable upward trajectory commences. In September 2023, the operating ROA was approximately -7.73%, improving to roughly -5.32% in December 2023. This positive shift accelerates into early 2024, with the figure moving closer to zero at -4.10% in March 2024 and -3.86% in June 2024. By September 2024, the operating ROA had significantly increased to nearly -1.97%. The most compelling development appears toward the end of this period, with the figure reaching -0.28% in December 2024 and turning positive at approximately 1.33% in March 2025.
This progression suggests a substantial improvement in operational profitability relative to the company's asset base over this timeframe. The transition from significantly negative to positive operating ROA indicates that DoorDash has been increasingly effective in generating operating income from its assets, approaching a breakeven point and potentially entering a phase of sustainable profitability. The trend highlights a meaningful turning point in the company's operational efficiency and financial health, reflecting ongoing efforts to optimize operations, reduce losses, and enhance asset utilization.
Peer comparison
Mar 31, 2025