Return on Assets (ROA)
since 2020
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DoorDash, Inc. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Return on Equity (ROE) since 2020
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Calculation
DoorDash, Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to DoorDash, Inc. common stockholders1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | = | 100 | × | ÷ | |||
| Dec 31, 2023 | = | 100 | × | ÷ | |||
| Dec 31, 2022 | = | 100 | × | ÷ | |||
| Dec 31, 2021 | = | 100 | × | ÷ | |||
| Dec 31, 2020 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 US$ in millions
The Return on Assets (ROA) exhibited a volatile pattern between 2020 and 2024. Initially negative, the ROA trended downward before improving significantly in the most recent period.
- Net Income and ROA Relationship
- The ROA is directly influenced by net income. From 2020 to 2022, net income attributable to DoorDash, Inc. common stockholders remained negative, resulting in corresponding negative ROA values. The magnitude of the net loss increased substantially in 2022, driving the ROA to its lowest point during the analyzed period. A reduction in the net loss in 2023 led to an improvement in ROA, although it remained negative. The shift to positive net income in 2024 resulted in a positive ROA.
Total assets consistently increased throughout the period, from US$6,353 million in 2020 to US$12,845 million in 2024. This asset growth occurred concurrently with the fluctuations in net income, impacting the ROA calculation.
- ROA Trend Analysis
- The ROA decreased from -7.26% in 2020 to -13.94% in 2022, indicating a worsening ability to generate earnings from its asset base. However, the ROA improved to -5.15% in 2023, suggesting a stabilization in performance. The most significant change occurred in 2024, with the ROA turning positive at 0.96%, demonstrating a substantial improvement in profitability relative to assets.
The substantial increase in assets, coupled with the transition from net losses to net income, suggests a potential shift in the company’s operational efficiency and profitability. The positive ROA in 2024 indicates that the company is beginning to generate a return for its investors based on its asset base.
Comparison to Competitors
DoorDash, Inc., ROA, long-term trends, comparison to competitors
| DoorDash, Inc. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|
| Dec 31, 2024 | ||||||
| Dec 31, 2023 | ||||||
| Dec 31, 2022 | ||||||
| Dec 31, 2021 | ||||||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Sector (Consumer Services)
DoorDash, Inc., ROA, long-term trends, comparison to sector (consumer services)
| DoorDash, Inc. | Consumer Services | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Industry (Consumer Discretionary)
DoorDash, Inc., ROA, long-term trends, comparison to industry (consumer discretionary)
| DoorDash, Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).