Pursuit Attractions and Hospitality, Inc. (PRSU)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	20,392	34,785	5,943	-58,621	-124,862
Total assets	US$ in thousands	845,008	1,137,320	1,090,350	1,037,630	853,224
Operating ROA		2.41%	3.06%	0.55%	-5.65%	-14.63%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $20,392K ÷ $845,008K
= 2.41%

The operating return on assets (operating ROA) for Pursuit Attractions and Hospitality, Inc. exhibits a notable positive trend over the observed period from December 31, 2020, to December 31, 2024. In 2020, the operating ROA was recorded at -14.63%, indicating substantial operating inefficiency and negative profitability relative to the company's total assets. This negative figure persisted into 2021, improving significantly to -5.65%, reflecting a reduction in operating losses and incremental progress toward profitability.

By 2022, the operating ROA turned positive, reaching 0.55%, which signifies that the company's core operational activities began generating a small net operating profit relative to its assets. The upward trajectory continued into 2023, achieving an operating ROA of 3.06%, indicating a strengthening in operational efficiency and profitability. However, in 2024, a slight decline to 2.41% was observed, suggesting a moderation in operating profitability relative to the prior year, potentially due to market conditions or transitional operational factors.

Overall, the trend illustrates a significant recovery from negative territory, culminating in consistent positive operating returns. This progression reflects improvement in the company's core operations and asset utilization, moving from substantial losses to modest profitability, with a peak in 2023, and a slight contraction in 2024.