United Airlines Holdings Inc (UAL)
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 | 4,211,000 | 2,337,000 | -1,022,000 | -6,359,000 | 4,301,000 |
| Total assets | US$ in thousands | 71,104,000 | 67,358,000 | 68,175,000 | 59,548,000 | 52,611,000 |
| Operating ROA | 5.92% | 3.47% | -1.50% | -10.68% | 8.18% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $4,211,000K ÷ $71,104,000K
= 5.92%
The operating return on assets (ROA) for United Airlines Holdings Inc has shown some fluctuations over the past five years. In 2023, the operating ROA improved significantly to 7.26%, compared to 3.68% in 2022. This suggests that the company was more effective in generating operating income from its assets in 2023.
However, the operating ROA was negative in both 2021 and 2020, indicating that the company was not able to generate operating income from its assets in those years. The significant improvement in 2023 from negative figures in the previous two years reflects a potential turnaround in the company's operational efficiency and profitability.
In 2019, the operating ROA was relatively high at 8.64%, indicating that the company was able to efficiently utilize its assets to generate operating income. The fluctuation in the operating ROA over the past five years suggests that United Airlines Holdings Inc may have faced challenges in optimizing its asset utilization and operational performance, but it has shown improvement in 2023.
Peer comparison
Dec 31, 2023