United Airlines Holdings Inc (UAL)

Return on assets (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
Net income (ttm)	US$ in thousands	2,618,000	2,861,000	2,666,000	1,920,000	737,000	-752,000	-1,221,000	-1,984,000	-1,964,000	-3,215,000	-5,529,000	-6,722,000	-7,069,000	-4,531,000	-1,666,000	1,013,000	3,009,000	2,829,000	2,638,000	2,269,000
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
ROA		3.68%	3.91%	3.64%	2.73%	1.09%	-1.09%	-1.73%	-2.87%	-2.88%	-4.64%	-7.78%	-10.90%	-11.87%	-7.40%	-3.03%	1.91%	5.72%	5.42%	5.06%	4.48%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,618,000K ÷ $71,104,000K
= 3.68%

United Airlines Holdings Inc's Return on Assets (ROA) has shown improvement over the past eight quarters, reflecting the company's ability to generate profit relative to its total assets. The ROA ranged from -2.87% in Q1 2022 to 3.91% in Q3 2023. The negative ROA figures in Q2 and Q3 2022 indicate that the company's assets were not being efficiently utilized to generate profit during that period. However, the positive ROA figures in the subsequent quarters demonstrate an improvement in asset efficiency and profitability. Overall, United Airlines Holdings Inc's ROA has been trending positively, indicating stronger performance in utilizing its assets to generate earnings.