eBay Inc (EBAY)
Return on assets (ROA)
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,767,000 | 2,715,000 | 1,341,000 | 639,000 | -1,269,000 | 28,000 | 361,000 | 11,626,000 | 13,608,000 | 12,484,000 | 12,884,000 | 2,896,000 | 5,667,000 | 5,378,000 | 5,024,000 | 4,680,000 | 1,786,000 | 1,990,000 | 2,401,000 | 2,641,000 |
| Total assets | US$ in thousands | 21,620,000 | 21,184,000 | 19,956,000 | 20,004,000 | 20,850,000 | 19,097,000 | 19,653,000 | 22,980,000 | 26,626,000 | 29,257,000 | 31,823,000 | 18,731,000 | 19,310,000 | 18,421,000 | 20,014,000 | 18,929,000 | 18,174,000 | 18,714,000 | 21,169,000 | 22,329,000 |
| ROA | 12.80% | 12.82% | 6.72% | 3.19% | -6.09% | 0.15% | 1.84% | 50.59% | 51.11% | 42.67% | 40.49% | 15.46% | 29.35% | 29.19% | 25.10% | 24.72% | 9.83% | 10.63% | 11.34% | 11.83% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,767,000K ÷ $21,620,000K
= 12.80%
The return on assets (ROA) for EBay Inc. has been fluctuating over the past eight quarters. In Q4 2023 and Q3 2023, the ROA was relatively stable at 12.80% and 12.82%, indicating that the company generated a consistent return relative to its total assets during these periods. The ROA then experienced a significant decrease in Q2 2023 to 6.72%, suggesting a decline in the company's efficiency in utilizing its assets to generate profits.
Prior to this, in Q1 2023, the ROA further decreased to 3.19%, reflecting a continued decline in the company's asset efficiency. The company experienced negative ROA in Q4 2022, indicating that it incurred losses relative to its assets during that period. However, there was a slight improvement in Q3 2022 when the ROA increased to 0.15%, showing a shift towards profitability.
In Q2 2022, the ROA was 1.84%, indicating a moderate return relative to its assets. The company experienced a significant improvement in Q1 2022, with an exceptionally high ROA of 50.59%, which may have been influenced by specific events or factors during that quarter.
Overall, EBay Inc.'s ROA has shown variability over the quarters, with some periods demonstrating strong asset efficiency and profitability, while others showing a decline or even negative returns. This suggests the company's performance in utilizing its assets to generate profits has been inconsistent and subject to various internal and external factors.
Peer comparison
Dec 31, 2023