Return on Assets (ROA)
since 2005
Calculation
eBay Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2018 | 11.09% | = | 100 | × | 2,530) | ÷ | 22,819) |
| Dec 31, 2017 | -3.91% | = | 100 | × | (1,016) | ÷ | 25,981) |
| Dec 31, 2016 | 30.47% | = | 100 | × | 7,266) | ÷ | 23,847) |
| Dec 31, 2015 | 9.70% | = | 100 | × | 1,725) | ÷ | 17,785) |
| Dec 31, 2014 | 0.10% | = | 100 | × | 46) | ÷ | 45,132) |
| Dec 31, 2013 | 6.88% | = | 100 | × | 2,856) | ÷ | 41,488) |
| Dec 31, 2012 | 7.04% | = | 100 | × | 2,609) | ÷ | 37,074) |
| Dec 31, 2011 | 11.82% | = | 100 | × | 3,229) | ÷ | 27,320) |
| Dec 31, 2010 | 8.18% | = | 100 | × | 1,801) | ÷ | 22,004) |
| Dec 31, 2009 | 12.98% | = | 100 | × | 2,389) | ÷ | 18,408) |
| Dec 31, 2008 | 11.41% | = | 100 | × | 1,779) | ÷ | 15,592) |
| Dec 31, 2007 | 2.27% | = | 100 | × | 348) | ÷ | 15,366) |
| Dec 31, 2006 | 8.34% | = | 100 | × | 1,126) | ÷ | 13,494) |
| Dec 31, 2005 | 9.18% | = | 100 | × | 1,082) | ÷ | 11,789) |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The financial data reveals fluctuations in both net income and total assets over the examined period, along with a corresponding variation in return on assets (ROA). The net income figures exhibit significant volatility, with notable peaks and troughs. For instance, after a dip in 2007, net income surged in 2008 and 2009, reaching a high point before experiencing a sharp decline in 2014, followed by a substantial increase in 2016, a dramatic jump in 2017, a negative result in 2018, and recovery again in 2019.
Total assets demonstrate a general upward trend from 2005 through 2014, nearly quadrupling over this period. However, this growth was interrupted by a sharp asset reduction in 2015, followed by a modest recovery and stabilization through 2019.
The ROA percentage aligns with the patterns observed in net income and total assets but reflects some anomalies. The ROA maintains relatively high values during periods of increased net income, with the highest recorded in 2016, indicating efficient asset utilization during that year. Conversely, unusually low or negative ROA values coincide with years marked by reduced or negative net income and asset contractions, such as in 2014 and 2018. The negative ROA in 2018 underscores a year of poor profitability relative to asset base.
- Net Income (US$ in millions)
- After an initial escalation from 2005 to 2006, net income plunged in 2007 before escalating sharply in 2008 and 2009. From 2010 onwards, there are marked fluctuations with noteworthy peaks in 2011, 2016, and an exceptional increase in 2017. The negative figure in 2018 indicates a loss that contrasts with otherwise positive values over the decade.
- Total Assets (US$ in millions)
- Total assets increased steadily from 2005 through 2014, reflecting growth or possible acquisitions. A substantial reduction in assets occurred in 2015, reducing the base nearly by half compared to the previous year, followed by a partial rebound and relative stability in subsequent years through 2019.
- Return on Assets (ROA, %)
- The ROA reflects high returns during most years of rising net income and assets, notably peaking dramatically in 2016. The measure dips severely in 2014 and turns negative in 2018, corresponding to periods of diminished or negative net income and reduced asset base efficiency.
Overall, the data indicates the presence of episodic volatility in profitability and asset management. The sharp asset drop in 2015 alongside volatile net income suggests possible strategic restructurings, divestitures, or extraordinary events impacting financial performance and asset composition. The highly variable ROA highlights fluctuations in operational efficiency and profitability over the period under consideration.
Comparison to Competitors
eBay Inc., ROA, long-term trends, comparison to competitors
| eBay Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2018 | 11.09% | 6.19% | 19.38% | 9.77% | 18.55% |
| Dec 31, 2017 | -3.91% | 2.31% | 18.52% | 8.99% | 17.84% |
| Dec 31, 2016 | 30.47% | 2.84% | 16.47% | 8.14% | 19.81% |
| Dec 31, 2015 | 9.70% | 0.91% | 15.88% | 8.48% | 19.91% |
| Dec 31, 2014 | 0.10% | -0.44% | 13.29% | 6.98% | 20.95% |
| Dec 31, 2013 | 6.88% | 0.68% | 11.04% | 6.00% | 20.05% |
| Dec 31, 2012 | 7.04% | -0.12% | 9.58% | 5.48% | 18.07% |
| Dec 31, 2011 | 11.82% | 2.50% | 8.32% | 5.96% | 16.85% |
| Dec 31, 2010 | 8.18% | 6.13% | 6.51% | 5.40% | 16.26% |
| Dec 31, 2009 | 12.98% | 6.53% | 5.49% | 6.72% | 14.25% |
| Dec 31, 2008 | 11.41% | 7.76% | 9.92% | 9.10% | 11.69% |
| Dec 31, 2007 | 2.27% | 7.34% | 11.02% | 11.18% | 12.13% |
| Dec 31, 2006 | 8.34% | 4.35% | 13.12% | 11.23% | 12.56% |
| Dec 31, 2005 | 9.18% | 9.71% | 12.85% | 10.26% | 13.09% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
eBay Inc., ROA, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| eBay Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Dec 31, 2018 | 11.09% | 9.65% |
| Dec 31, 2017 | -3.91% | 7.39% |
| Dec 31, 2016 | 30.47% | 8.42% |
| Dec 31, 2015 | 9.70% | 7.99% |
| Dec 31, 2014 | 0.10% | 6.94% |
| Dec 31, 2013 | 6.88% | 7.03% |
| Dec 31, 2012 | 7.04% | 6.25% |
| Dec 31, 2011 | 11.82% | 6.84% |
| Dec 31, 2010 | 8.18% | 6.80% |
| Dec 31, 2009 | 12.98% | 6.65% |
| Dec 31, 2008 | 11.41% | 9.57% |
| Dec 31, 2007 | 2.27% | 10.89% |
| Dec 31, 2006 | 8.34% | 12.01% |
| Dec 31, 2005 | 9.18% | 11.90% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Discretionary)
eBay Inc., ROA, long-term trends, comparison to industry (consumer discretionary)
| eBay Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2018 | 11.09% | 5.96% |
| Dec 31, 2017 | -3.91% | 4.05% |
| Dec 31, 2016 | 30.47% | 5.57% |
| Dec 31, 2015 | 9.70% | 6.25% |
| Dec 31, 2014 | 0.10% | 4.75% |
| Dec 31, 2013 | 6.88% | 5.52% |
| Dec 31, 2012 | 7.04% | 5.65% |
| Dec 31, 2011 | 11.82% | 9.48% |
| Dec 31, 2010 | 8.18% | 6.05% |
| Dec 31, 2009 | 12.98% | 4.67% |
| Dec 31, 2008 | 11.41% | 0.21% |
| Dec 31, 2007 | 2.27% | 2.85% |
| Dec 31, 2006 | 8.34% | 0.60% |
| Dec 31, 2005 | 9.18% | 3.80% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).