United Airlines Holdings Inc (UAL)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,618,000 | 737,000 | -1,964,000 | -7,069,000 | 3,009,000 |
| Total assets | US$ in thousands | 71,104,000 | 67,358,000 | 68,175,000 | 59,548,000 | 52,611,000 |
| ROA | 3.68% | 1.09% | -2.88% | -11.87% | 5.72% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $2,618,000K ÷ $71,104,000K
= 3.68%
United Airlines Holdings Inc's return on assets (ROA) has shown significant variability over the past five years. In 2023, the ROA stood at 3.68%, representing a notable improvement compared to the previous years. This indicates that the company generated $3.68 in net income for every $100 of assets it owns.
The ROA was at 1.09% in 2022, marking a moderate increase compared to the negative ROA of -2.88% in 2021, highlighting a return to profitability and improved asset utilization. In 2020, the ROA was significantly negative at -11.87%, suggesting that the company was not effectively utilizing its assets to generate profits.
The highest ROA in the given period was recorded in 2019 at 5.72%, indicating that the company was more efficient in generating profits from its assets in that year. Overall, United Airlines Holdings Inc's ROA has displayed fluctuations, with the latest data reflecting a positive trend in asset efficiency and profitability.
Peer comparison
Dec 31, 2023