Stock Analysis on Net

Uber Technologies Inc. (NYSE:UBER)

$24.99

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

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Profitability Ratios (Summary)

Uber Technologies Inc., profitability ratios (quarterly data)

Microsoft Excel
Mar 31, 2025 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
Return on Sales
Gross profit margin
Operating profit margin
Net profit margin
Return on Investment
Return on equity (ROE)
Return on assets (ROA)

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Gross Profit Margin
The gross profit margin began its recorded trend at 53.73% in the first quarter of 2021. Since then, it displayed a downward trajectory through to the end of 2022, declining from 50.22% in mid-2021 to a low of 38.27% by the first quarter of 2023. From early 2023 onward, the gross margin stabilized and showed a moderate recovery, remaining relatively steady around 39.2% to 39.6% through the first quarter of 2025.
Operating Profit Margin
The operating profit margin started at a substantial negative value of -43.66% in the first quarter of 2021 and initially deteriorated further, reaching a nadir of -47.47% mid-2021. However, from the latter half of 2021, the margin progressively improved each quarter, turning positive by the third quarter of 2023. The margin continued to strengthen, evidencing an upward trend that culminated in 8.49% by the first quarter of 2025, indicating enhanced operational efficiency and cost management over time.
Net Profit Margin
Net profitability exhibited high volatility early in the period, starting at -60.76% in the first quarter of 2021 and improving significantly to -7.97% by the third quarter of the same year. A temporary decline occurred in late 2021 through early 2022, with margins again deepening into negative territory as low as -39.39%. From mid-2022 onwards, the net margin improved markedly, with fluctuations diminishing and the metric turning positive in the second quarter of 2023. By the first quarter of 2025, the net profit margin had reached a robust 27.07%, reflecting a substantial recovery and profitability enhancement.
Return on Equity (ROE)
The return on equity mirrored similar patterns seen in profitability margins. Starting from -55.18% in early 2021, ROE improved sequentially until the third quarter of 2021 but showed a significant deterioration in the subsequent quarters, reaching a severe low of -151.07% by the mid-year of 2022. This was followed by a gradual and steady recovery beginning in the final quarter of 2022. ROE turned positive by mid-2023 and exhibited a persistent rising trend, peaking at 55.91% in the first quarter of 2025, which signifies a strong rebound in shareholder value generation.
Return on Assets (ROA)
Return on assets followed a broadly similar trajectory to ROE but with less pronounced volatility. Beginning at -20.35% in early 2021, ROA declined further to -32.45% by mid-2022 before initiating a recovery trend in the subsequent periods. The metric achieved positive territory in mid-2023 and continued an upward path reaching 23.26% by the first quarter of 2025. This improvement denotes more effective utilization of assets to generate earnings over the covered periods.
Overall Analysis
The data reflects an initial phase of significant operational and profitability challenges through 2021 and mid-2022, marked by negative margins and returns. Following this period, there is a clear and sustained recovery trend across all key financial metrics. Margins and profitability ratios improved steadily, with the company transitioning from losses to consistent profitability and positive returns on equity and assets. The stabilization and moderate improvement in gross margins accompanied by strong gains in operating and net profit margins suggest effective cost controls and revenue growth strategies implemented over time. The enhanced returns on equity and assets further corroborate the progress in financial performance and capital efficiency towards the end of the period.

Return on Sales


Return on Investment


Gross Profit Margin

Uber Technologies Inc., gross profit margin calculation (quarterly data)

Microsoft Excel
Mar 31, 2025 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
Selected Financial Data (US$ in millions)
Gross profit
Revenue
Profitability Ratio
Gross profit margin1

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q1 2025 Calculation
Gross profit margin = 100 × (Gross profitQ1 2025 + Gross profitQ4 2024 + Gross profitQ3 2024 + Gross profitQ2 2024) ÷ (RevenueQ1 2025 + RevenueQ4 2024 + RevenueQ3 2024 + RevenueQ2 2024)
= 100 × ( + + + ) ÷ ( + + + ) =

The data reveals several trends and patterns in the financial performance over the observed periods. Gross profit and revenue both exhibit a general upward trajectory, although fluctuations are evident in certain quarters.

Gross Profit
Gross profit starts at 1,757 million USD in the first quarter of 2020, declines to a low of 989 million USD in the second quarter of 2020, and then recovers steadily over subsequent quarters. By the fourth quarter of 2021, gross profit reaches 2,674 million USD and continues to increase, peaking around 4,725 million USD in the first quarter of 2025, though it slightly decreases in some of the latest quarters to 4,596 million USD by the first quarter of 2025. This indicates consistent growth with minor short-term volatility.
Revenue
Revenue shows a similar dynamic, starting at 3,248 million USD in the first quarter of 2020 and plunging to 1,913 million USD in the second quarter of 2020. Subsequently, there is a strong recovery and continuous growth. Revenue increases steadily through each quarter, reaching a peak of 11,959 million USD in the first quarter of 2025 before a slight decline to 11,533 million USD in the following quarter. The overall progression reflects expanding business scale despite some quarterly fluctuations.
Gross Profit Margin
Gross profit margin data is partially missing in the early periods but becomes available starting from the last quarter of 2020 at 53.73%. From that point forward, the margin declines steadily, falling to approximately 38.33% by the first quarter of 2023. Following this decline, the margin stabilizes around the 39% mark through to the first quarter of 2025, indicating that while the company is generating higher absolute profits and revenues, its efficiency in converting revenue to gross profit has decreased compared to the late 2020 period. The stabilization suggests efforts to manage or stabilize cost structures relative to revenue.

Operating Profit Margin

Uber Technologies Inc., operating profit margin calculation (quarterly data)

Microsoft Excel
Mar 31, 2025 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
Selected Financial Data (US$ in millions)
Income (loss) from operations
Revenue
Profitability Ratio
Operating profit margin1
Benchmarks
Operating Profit Margin, Competitors2
FedEx Corp.
Union Pacific Corp.
United Airlines Holdings Inc.
United Parcel Service Inc.

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q1 2025 Calculation
Operating profit margin = 100 × (Income (loss) from operationsQ1 2025 + Income (loss) from operationsQ4 2024 + Income (loss) from operationsQ3 2024 + Income (loss) from operationsQ2 2024) ÷ (RevenueQ1 2025 + RevenueQ4 2024 + RevenueQ3 2024 + RevenueQ2 2024)
= 100 × ( + + + ) ÷ ( + + + ) =

2 Click competitor name to see calculations.

Income (loss) from operations
The operational income exhibited a fluctuating trend over the examined periods, with considerable losses recorded from early 2020 through mid-2022. Initially, losses were severe, peaking in mid-2020 with values exceeding -1.6 billion USD. A gradual improvement began toward late 2022, moving from negative towards positive territory. By early 2023, the data indicated a consistent transition into profitability, reaching a peak operating income of 1.228 billion USD by the first quarter of 2025. This suggests improving operational efficiency or revenue management over time.
Revenue
Revenue showed a strong upward trajectory, starting from 3.248 billion USD in the first quarter of 2020 and generally growing across quarters with minor fluctuations. There was a notable dip in the second quarter of 2020, likely reflecting external economic impacts. However, from late 2020 onward, revenue steadily increased, exceeding 11 billion USD by the first quarter of 2025. This trend reflects expanded business activity or market penetration during the period.
Operating profit margin
The operating profit margin displayed negative values initially, reaching its lowest in the range of -47.47% at the end of 2020, reflecting the significant losses from operations during that time. Following this, there was a steady and continuous improvement in margin, crossing into positive figures around mid-2023. This progression culminated in margins above 8% by the first quarter of 2025, demonstrating enhanced profitability and operational leverage on revenue as costs were better controlled or revenue quality improved.
Overall analysis
The data indicates that the company experienced substantial operational challenges in the early quarters of 2020, likely influenced by adverse external conditions. Despite high operational losses during this period, the company managed to substantially increase its revenue over time and improve its cost structure or operational efficiency, as reflected by the rising operating income and profit margins. The move from significant losses to solid profitability and margin expansion by 2025 represents a positive transformation in financial performance and operational management.

Net Profit Margin

Uber Technologies Inc., net profit margin calculation (quarterly data)

Microsoft Excel
Mar 31, 2025 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
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc.
Revenue
Profitability Ratio
Net profit margin1
Benchmarks
Net Profit Margin, Competitors2
FedEx Corp.
Union Pacific Corp.
United Airlines Holdings Inc.
United Parcel Service Inc.

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q1 2025 Calculation
Net profit margin = 100 × (Net income (loss) attributable to Uber Technologies, Inc.Q1 2025 + Net income (loss) attributable to Uber Technologies, Inc.Q4 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q3 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q2 2024) ÷ (RevenueQ1 2025 + RevenueQ4 2024 + RevenueQ3 2024 + RevenueQ2 2024)
= 100 × ( + + + ) ÷ ( + + + ) =

2 Click competitor name to see calculations.

The financial data exhibits multiple notable trends over the periods analyzed. Revenue has consistently increased from the first quarter of 2020 through the first quarter of 2025, demonstrating strong top-line growth. Starting at 3,248 million USD in March 2020, revenue rose steadily to reach over 11,533 million USD by the first quarter of 2025. The upward trajectory indicates an expanding market presence or increased sales volume.

Net income (loss) attributable to the company displays significant volatility over the same timeframe. In the early periods, particularly through 2020 and 2021, net income figures fluctuate dramatically, with substantial losses evident in multiple quarters. For example, losses peaked at -5,930 million USD in March 2022, reflecting considerable financial challenges. However, from the mid-2023 quarters onward, the pattern shifts gradually towards improved profitability, with positive net income values emerging more frequently. By the fourth quarter of 2024 and into the first quarter of 2025, net income reaches substantial positive values, including 6,883 million USD and 1,776 million USD respectively, signaling a significant turnaround in financial performance.

The net profit margin percentage further substantiates this narrative, exhibiting negative values in the majority of quarters up to mid-2023. Initially, margins were deeply negative, reaching nearly -61% in the third quarter of 2020, indicative of operating losses far exceeding revenues. The negative margins persist through early 2022, aligning with the net loss figures recorded. Subsequently, from the second half of 2023, the margin begins to improve, crossing into positive territory by the third quarter of 2023. The margin then trends upward, surpassing 20% by the fourth quarter of 2024 and approaching 27% in the first quarter of 2025. This improvement reflects enhanced operational efficiency and profitability relative to generated revenue.

Overall, the data suggest that the company underwent a challenging period marked by heavy losses and negative profit margins through the early quarters analyzed. Nonetheless, a marked improvement in financial results occurred beginning mid-2023, with steady increases in net income and profit margins, supported by consistent revenue growth. This trend indicates successful efforts in cost management, revenue enhancement, or both, leading to a stronger financial position by the end of the reported periods.

Revenue
Consistently increased from 3,248 million USD in Q1 2020 to 11,533 million USD in Q1 2025, indicating strong growth.
Net Income (Loss)
Highly volatile with severe losses during 2020-2022, peaking at -5,930 million USD in Q1 2022, followed by a recovery and ultimately significant profits from mid-2023 onwards.
Net Profit Margin
Deeply negative during early periods, bottoming at around -61% in Q3 2020; consistently improving starting mid-2023 and turning positive by Q3 2023, reaching above 27% by Q1 2025.

Return on Equity (ROE)

Uber Technologies Inc., ROE calculation (quarterly data)

Microsoft Excel
Mar 31, 2025 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
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc.
Total Uber Technologies, Inc. stockholders’ equity
Profitability Ratio
ROE1
Benchmarks
ROE, Competitors2
FedEx Corp.
Union Pacific Corp.
United Airlines Holdings Inc.
United Parcel Service Inc.

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q1 2025 Calculation
ROE = 100 × (Net income (loss) attributable to Uber Technologies, Inc.Q1 2025 + Net income (loss) attributable to Uber Technologies, Inc.Q4 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q3 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q2 2024) ÷ Total Uber Technologies, Inc. stockholders’ equity
= 100 × ( + + + ) ÷ =

2 Click competitor name to see calculations.

The analysis of the quarterly financial data reveals several notable trends in the company's profitability and equity performance over the observed periods.

Net Income (Loss) Attributable to the Company
The net income figures show significant volatility across the quarters. Initially, there were substantial losses, with the largest negative value observed in the first quarter of 2022 (-$5,930 million). This was followed by a series of fluctuating net incomes, including both negative and positive values. Starting from the first quarter of 2023, the net income exhibits a general improvement with several positive quarters, culminating in a significant increase by the first quarter of 2025 ($1,776 million). This trend suggests a recovery phase after periods of substantial losses, reflecting improved operational performance or other financial factors contributing to profitability.
Total Stockholders’ Equity
The total stockholders' equity demonstrates a complex pattern. Initially, equity declined from $11,342 million in the first quarter of 2020 to a low of $6,247 million in the third quarter of 2022. Following this trough, there is a sustained upward trajectory, with equity increasing steadily to reach $21,975 million by the first quarter of 2025. This recovery and growth in equity indicate strengthening financial stability and capital base over time, likely driven by retained earnings accumulation and possibly capital infusions.
Return on Equity (ROE)
ROE values, available from the third quarter of 2020 onward, initially reflect deeply negative returns, with an extreme low of -151.07% in the second quarter of 2022. These negative returns correlate with the periods of net losses. From the first quarter of 2023, ROE begins a consistent ascent into positive territory, reaching 55.91% by the first quarter of 2025. This improvement in ROE aligns with the increasing net income and equity base, indicating enhanced profitability and effective use of shareholders’ equity to generate returns.

Overall, the financial data indicate a period of initial distress with heavy losses and declining equity, followed by a marked recovery phase characterized by rising profitability, strengthening equity, and improving return metrics. These patterns suggest effective management interventions and operational improvements that have progressively restored and enhanced the company’s financial health.


Return on Assets (ROA)

Uber Technologies Inc., ROA calculation (quarterly data)

Microsoft Excel
Mar 31, 2025 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
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc.
Total assets
Profitability Ratio
ROA1
Benchmarks
ROA, Competitors2
FedEx Corp.
Union Pacific Corp.
United Airlines Holdings Inc.
United Parcel Service Inc.

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q1 2025 Calculation
ROA = 100 × (Net income (loss) attributable to Uber Technologies, Inc.Q1 2025 + Net income (loss) attributable to Uber Technologies, Inc.Q4 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q3 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q2 2024) ÷ Total assets
= 100 × ( + + + ) ÷ =

2 Click competitor name to see calculations.

Net Income (Loss) Attributable to Uber Technologies, Inc.
The net income figures display notable volatility over the periods analyzed. Initially, there is a substantial net loss of -2936 million USD at the end of March 2020, which gradually improves by mid-2021, reaching a positive net income of 1144 million USD in June 2021. This positive trend is interrupted by significant net losses in late 2021 and early 2022, including a sharp decline to -5930 million USD in March 2022. Following this, fluctuations continue with alternating net losses and gains, before a marked improvement occurs starting from December 2023, culminating in the highest net income of 6883 million USD by the quarter ending December 2024. The most recent quarter in March 2025 shows a decrease to 1776 million USD but remains positive overall.
Total Assets
Total assets show a steady upward trajectory over the entire period. Starting at 30090 million USD in March 2020, there are slight fluctuations in 2020 and early 2021, with a temporary dip in early 2022. From mid-2022 onward, assets increase consistently, reaching 52822 million USD by March 2025. This stable growth in assets suggests ongoing investment and expansion.
Return on Assets (ROA)
The ROA metric reflects considerable volatility and initially negative returns, beginning with a deeply negative rate of approximately -20.35% for September 2020 and worsening to nearly -32.45% by June 2022. A gradual recovery starts by late 2022 and into 2023, with ROA improving from -10.38% in March 2023 to positive values beginning September 2023 at 2.93%, rising further to peak at 23.26% by March 2025. This progression indicates improving efficiency in asset utilization and profitability in recent periods.
Overall Financial Trends
The data reveals a company initially struggling with significant losses and negative returns on assets through 2020 to mid-2022. Despite asset base fluctuations, the company maintained growth in total assets, indicating ongoing capital investment or acquisitions. The positive trend in net income beginning mid-2023, coupled with the steady increase in asset base and improving ROA, points to enhanced operational performance and efficiency. The substantial improvement in profitability and return metrics toward the end of the data period demonstrates a recovery phase and possibly successful strategic initiatives to return to sustainable earnings.