United Airlines Holdings Inc (UAL)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	3,149,000	2,763,000	2,936,000	2,688,000	2,618,000	2,861,000	2,665,000	1,919,000	736,000	-752,000	-1,220,000	-1,983,000	-1,963,000	-3,214,000	-5,529,000	-6,722,000	-7,069,000	-4,531,000	-1,666,000	1,013,000
Total assets	US$ in thousands	74,083,000	72,640,000	73,254,000	71,902,000	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
ROA		4.25%	3.80%	4.01%	3.74%	3.68%	3.91%	3.63%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $3,149,000K ÷ $74,083,000K
= 4.25%

United Airlines Holdings Inc's Return on Assets (ROA) is a key financial ratio that measures the company's ability to generate profits from its assets. Based on the provided data, we observe fluctuations in United Airlines' ROA over the analyzed periods.

From March 31, 2020, to December 31, 2021, the ROA figures show a consistent decline, indicating decreasing profitability relative to its total assets. The negative ROA during this period implies that United Airlines was not efficiently utilizing its assets to generate returns for its shareholders.

However, starting from March 31, 2022, the ROA begins to improve, turning positive in the subsequent quarters. This positive trend continues through December 31, 2024, indicating that United Airlines has made progress in enhancing its profitability in relation to its asset base.

Overall, the positive ROA figures from March 31, 2022, to December 31, 2024, suggest that United Airlines has been more effective in utilizing its assets to generate earnings and create value for its stakeholders. This improvement in ROA signifies a potential enhancement in the company's operational efficiency and financial performance.