Pursuit Attractions and Hospitality, Inc. (PRSU)
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 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,016 | 20,392 | 120,863 | 108,535 | 90,453 | 94,666 | 73,959 | 64,084 | 67,403 | 50,632 | 52,956 | 27,394 | -43,856 | -58,621 | -94,228 | -140,664 | -154,886 | -124,862 | -74,732 | -13,180 |
| Total assets | US$ in thousands | 832,564 | 845,008 | 1,195,830 | 1,223,400 | 1,180,300 | 1,137,320 | 1,200,540 | 1,152,770 | 1,104,280 | 1,090,350 | 1,144,630 | 1,141,160 | 1,059,550 | 1,037,630 | 1,057,560 | 944,476 | 904,655 | 853,224 | 869,092 | 998,464 |
| Operating ROA | 0.24% | 2.41% | 10.11% | 8.87% | 7.66% | 8.32% | 6.16% | 5.56% | 6.10% | 4.64% | 4.63% | 2.40% | -4.14% | -5.65% | -8.91% | -14.89% | -17.12% | -14.63% | -8.60% | -1.32% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,016K ÷ $832,564K
= 0.24%
The operating return on assets (ROA) for Pursuit Attractions and Hospitality, Inc. exhibits a notable trend over the period from mid-2020 through early 2025. Initially, the company experienced a significant negative operating ROA, reflecting operational challenges likely associated with the economic environment during the COVID-19 pandemic. Specifically, as of June 30, 2020, the operating ROA stood at -1.32%, deepening to -8.60% by September 30, 2020, and further declining to -14.63% by December 31, 2020. This negative trajectory persisted into March 2021, reaching -17.12%, indicating heightened operating inefficiencies or revenue reductions.
From mid-2021 onward, a gradual improvement is apparent. The operating ROA improved to -14.89% as of June 30, 2021, and then continued to decrease in negativity, reaching -8.91% by September 2021, and further to -5.65% at the end of 2021. This suggests an initial recovery phase, possibly coinciding with easing restrictions and reopening activities.
In 2022, the trend shifts into positive territory, with the operating ROA turning positive for the first time since the start of the pandemic. It reached 2.40% as of June 30, 2022, then increased to 4.63% by September 30, 2022, and slightly stabilized at 4.64% by year's end. The positive figures continued into 2023, with ROA rising to 6.10% at the end of March, 5.56% at the end of June, and 6.16% at the end of September, culminating in a notable increase to 8.32% by December 2023. These values indicate the company's operational efficiency improved considerably, possibly reflecting stronger revenue performance and operational cost management.
Between early 2024 and mid-2024, the operating ROA remained elevated, at 7.66% and then 8.87% respectively, further confirming the period of profitability. The peak in the dataset occurs at September 2024 with an operating ROA of 10.11%, indicating robust operational performance.
However, a decline is observed thereafter. By December 2024, the operating ROA decreased sharply to 2.41%, and further declined to 0.24% as of March 31, 2025. The downward trend suggests a deterioration in operational efficiency or profitability, potentially due to market, competitive, or internal factors impacting the company's operations.
Overall, the company's operating ROA progressed from significant negative values during 2020 and early 2021, reflecting adverse operating conditions, to sustained positive levels from mid-2022 onward. Recent declines in late 2024 and early 2025 highlight potential new challenges that warrant further examination.
Peer comparison
Mar 31, 2025