United Parcel Service Inc (UPS)
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 | 6,708,000 | 8,556,000 | 10,013,000 | 10,781,000 | 11,548,000 | 11,188,000 | 10,933,000 | 10,760,000 | 12,890,000 | 6,450,000 | 6,078,000 | 5,170,000 | 1,343,000 | 4,584,000 | 4,377,000 | 4,294,000 | 4,440,000 | 4,999,000 | 4,757,000 | 4,557,000 |
| Total assets | US$ in thousands | 70,857,000 | 70,281,000 | 70,347,000 | 72,189,000 | 71,124,000 | 69,544,000 | 70,089,000 | 70,113,000 | 69,405,000 | 65,739,000 | 64,869,000 | 63,312,000 | 62,408,000 | 62,406,000 | 62,057,000 | 60,895,000 | 57,857,000 | 53,282,000 | 52,787,000 | 52,061,000 |
| ROA | 9.47% | 12.17% | 14.23% | 14.93% | 16.24% | 16.09% | 15.60% | 15.35% | 18.57% | 9.81% | 9.37% | 8.17% | 2.15% | 7.35% | 7.05% | 7.05% | 7.67% | 9.38% | 9.01% | 8.75% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $6,708,000K ÷ $70,857,000K
= 9.47%
The return on assets (ROA) for United Parcel Service, Inc. has been gradually decreasing over the past eight quarters. In Q4 2022, the ROA was 16.24%, and it has since declined to 9.47% in Q4 2023. This downward trend may indicate a decrease in the company's ability to generate profits relative to its total assets. It is essential for the company to closely monitor and analyze the factors contributing to this decline in ROA to make informed decisions and improve its financial performance.
See also:
United Parcel Service Inc Return on Assets (ROA) (Quarterly Data)