United Airlines Holdings Inc (UAL)
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 | 5,096,000 | 4,211,000 | 327,000 | -368,000 | -6,359,000 |
| Total assets | US$ in thousands | 74,083,000 | 71,104,000 | 67,358,000 | 68,175,000 | 59,548,000 |
| Operating ROA | 6.88% | 5.92% | 0.49% | -0.54% | -10.68% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $5,096,000K ÷ $74,083,000K
= 6.88%
United Airlines Holdings Inc's operating return on assets (operating ROA) has shown a fluctuating trend over the past five years. At the end of 2020, the operating ROA was -10.68%, indicating that the company's operating income was negative relative to its assets. However, there was a noticeable improvement in 2021, with the operating ROA improving to -0.54%, although it remained negative.
Subsequently, in 2022, the operating ROA turned positive at 0.49%, suggesting that the company started generating operating income from its assets. This positive trend continued in 2023, with the operating ROA further increasing to 5.92%, reflecting a more efficient utilization of assets to generate operating income.
By the end of 2024, United Airlines Holdings Inc's operating ROA reached 6.88%, indicating a significant improvement compared to the previous years. This upward trajectory suggests that the company has been able to enhance its operational performance and efficiency in utilizing its assets to generate operating profits.
Overall, the trend in United Airlines Holdings Inc's operating ROA reflects a transition from negative to positive territory, indicating an improving operational efficiency and profitability relative to its asset base over the analyzed period.
Peer comparison
Dec 31, 2024