United Airlines Holdings Inc (UAL)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,149,000 | 2,618,000 | 737,000 | -1,964,000 | -7,069,000 |
| Total assets | US$ in thousands | 74,083,000 | 71,104,000 | 67,358,000 | 68,175,000 | 59,548,000 |
| ROA | 4.25% | 3.68% | 1.09% | -2.88% | -11.87% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $3,149,000K ÷ $74,083,000K
= 4.25%
United Airlines Holdings Inc's return on assets (ROA) has shown a significant improvement over the years. As of December 31, 2020, the ROA was at -11.87%, indicating that the company was generating a negative return on its assets. By the end of December 31, 2021, the ROA improved to -2.88%, reflecting a better performance in utilizing its assets to generate profit.
In the subsequent years, United Airlines demonstrated a more positive trend in its ROA. By December 31, 2022, the ROA rose to 1.09%, signifying a turnaround in asset utilization and profitability. This positive momentum continued into December 31, 2023, with an ROA of 3.68%, indicating a further improvement in efficiency and profitability.
By the end of December 31, 2024, United Airlines Holdings Inc achieved an ROA of 4.25%, reaching a solid level of asset efficiency and profitability. This steady increase in ROA showcases the company's efforts to effectively utilize its assets to generate higher returns and optimize its financial performance over the years.
Peer comparison
Dec 31, 2024