DoorDash, Inc. Class A Common Stock (DASH)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	123,000	-558,000	-1,368,000	-468,000	-461,000
Total assets	US$ in thousands	12,845,000	10,839,000	9,789,000	6,809,000	6,353,000
ROA		0.96%	-5.15%	-13.97%	-6.87%	-7.26%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $123,000K ÷ $12,845,000K
= 0.96%

The return on assets (ROA) for DoorDash, Inc. Class A Common Stock exhibited notable fluctuations over the analyzed period. At the end of 2020, the company reported a negative ROA of -7.26%, indicating that it was incurring losses relative to its total assets. In 2021, this negative trend persisted but slightly improved, with the ROA decreasing to -6.87%, suggesting a slight reduction in asset efficiency in generating earnings or a marginal decrease in losses.

However, a significant shift occurred by the end of 2022, when the ROA deepened to -13.97%. This deterioration reflects an increase in losses or a decline in asset productivity, indicating worsening operational efficiency or higher expenses relative to assets. Despite this downturn, the trajectory improved markedly in 2023, with the ROA improving to -5.15%, signaling a substantial reduction in net losses in relation to assets, although still remaining negative.

The most notable development is observed in 2024, wherein the ROA turns positive at 0.96%. This transition to positive territory indicates that DoorDash, at least for that year, managed to generate net income relative to its assets, reflecting a potential move toward operational profitability and enhanced asset utilization efficiency. Overall, the company's ROA demonstrates a trend of initial loss, periods of significant adverse performance, and a noteworthy recovery culminating in a positive return on assets in 2024.