Kyndryl Holdings Inc (KD)

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
Operating income (ttm)	US$ in thousands	287,000	434,000	343,000	291,000	201,000	-161,000	-249,000	-390,000	-492,000	-387,000	-836,000	-1,156,000	-1,378,000	-1,657,000	-1,844,000	-1,546,000	-1,507,000	-1,542,500
Total assets	US$ in thousands	1,934,000	9,925,000	10,396,000	10,163,000	10,590,000	10,969,000	10,602,000	10,986,000	11,464,000	11,851,000	11,629,000	12,304,000	13,442,000	13,213,000	12,063,000	11,066,000	11,066,000	11,205,000
Operating ROA		14.84%	4.37%	3.30%	2.86%	1.90%	-1.47%	-2.35%	-3.55%	-4.29%	-3.27%	-7.19%	-9.40%	-10.25%	-12.54%	-15.29%	-13.97%	-13.62%	-13.77%

March 31, 2025 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $287,000K ÷ $1,934,000K
= 14.84%

Kyndryl Holdings Inc's operating return on assets (operating ROA) has shown a declining trend from December 31, 2020, to June 30, 2022, with negative percentages ranging from -13.77% to -9.40%. This indicates that the company's operating profits generated from its assets were insufficient to cover the asset base during this period. However, starting from March 31, 2024, there was a notable improvement in operating ROA, turning positive at 1.90% and increasing steadily to 14.84% by March 31, 2025. This positive trend suggests that Kyndryl's operational efficiency and profitability in relation to its asset utilization have improved significantly in the latter part of the period under consideration.