eBay Inc (EBAY)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,941,000 | 2,350,000 | 2,923,000 | 2,636,000 | 1,770,000 |
| Total assets | US$ in thousands | 21,620,000 | 20,850,000 | 26,626,000 | 19,310,000 | 18,174,000 |
| Operating ROA | 8.98% | 11.27% | 10.98% | 13.65% | 9.74% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,941,000K ÷ $21,620,000K
= 8.98%
Based on the data provided for EBay Inc.'s operating return on assets (operating ROA) over the past five years, we observe the following trends:
- In 2023, EBay Inc. reported an operating ROA of 8.98%, indicating that the company generated a return of 8.98 cents on each dollar of assets employed in its operations. This represents a significant improvement from the negative operating ROA of -6.89% in 2022.
- The operating ROA in 2021 was 2.10%, which was lower compared to the 2020 and 2019 figures of 14.04% and 12.77%, respectively. This suggests that EBay Inc.'s profitability from its core operations decreased in 2021.
- The company's operating ROA has shown fluctuations over the years, with a notable decline in 2022 followed by a recovery in 2023. This variability may indicate changes in the company's operational efficiency and effectiveness in utilizing its assets to generate profits.
In summary, EBay Inc.'s operating ROA has exhibited fluctuations in recent years, with a notable improvement in 2023 compared to the previous year. Further analysis into the factors impacting the company's operational performance and asset utilization may provide insights into its financial health and future prospects.
Peer comparison
Dec 31, 2023