United Airlines Holdings Inc (UAL)
Operating return on assets (Operating ROA)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,211,000 | 4,590,000 | 4,309,000 | 3,670,000 | 2,337,000 | 552,000 | 131,000 | -1,017,000 | -1,022,000 | -2,749,000 | -5,401,000 | -6,768,000 | -6,359,000 | -3,363,000 | -275,000 | 2,834,000 | 4,301,000 | 4,075,000 | 3,789,000 | 3,462,000 |
| Total assets | US$ in thousands | 71,104,000 | 73,153,000 | 73,341,000 | 70,417,000 | 67,358,000 | 68,968,000 | 70,381,000 | 69,038,000 | 68,175,000 | 69,294,000 | 71,049,000 | 61,662,000 | 59,548,000 | 61,189,000 | 54,901,000 | 53,055,000 | 52,611,000 | 52,199,000 | 52,150,000 | 50,639,000 |
| Operating ROA | 5.92% | 6.27% | 5.88% | 5.21% | 3.47% | 0.80% | 0.19% | -1.47% | -1.50% | -3.97% | -7.60% | -10.98% | -10.68% | -5.50% | -0.50% | 5.34% | 8.18% | 7.81% | 7.27% | 6.84% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,211,000K ÷ $71,104,000K
= 5.92%
United Airlines Holdings Inc's operating return on assets (operating ROA) has shown a positive trend over the past eight quarters, indicating an improvement in the company's efficiency in generating operating income from its assets. The operating ROA increased from -4.37% in Q1 2022 to 7.26% in Q4 2023, reflecting a significant turnaround in the company's asset utilization. This positive trajectory suggests that United Airlines has been able to enhance its operational performance and profitability over time. However, it is important to continue monitoring this ratio to ensure sustained improvements in financial performance.
Peer comparison
Dec 31, 2023