Luxurban Hotels Inc 's ROA from the third quarter of 2024 to the third quarter of 2023 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics

What is Luxurban Hotels Inc 's ROA in the third quarter of 2024?
Luxurban Hotels Inc recorded a cumulative net loss of $-153 million during 12 months ending in the third quarter of 2024, resulting in a negative return on assets (ROA) of -1277.08%.

However, within the Services sector 555 other companies had a higher return on assets. While return on assets, the total ranking has deteriorated compared to the second quarter of 2024 from 4214 to 4384.

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Return On Assets	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter
Y / Y Total Assets Change	-82.74 %	-71.62 %	1.38 %	83.7 %	205.7 %
Y / Y Net Income Change	-	-	-	-	-
Net Income (TTM) in million	-153	-118	-118	-79	-32
Return On Assets (TTM)	-1277.08 %	-637.61 %	-530.25 %	-353.87 %	-161.63 %
LUXH's Total Ranking	# 4384	# 4214	# 4273	# 4637	# 3747
Total Assets (TTM) in million	5	6	13	23	31
Seq. Total Assets Change	-10 %	-54.91 %	-43.35 %	-24.93 %	47.98 %
Seq. Net Income Change	-	-	-	-	-

LUXH's 5 Years Annual ROA >> Back to LUXH Management Effectiveness >> Compare LUXH ROA to its Competitors

Return On Assets Company Ranking
Within:	No.
Industry	# 62
Sector	# 556
Overall	# 4303

Return On Assets Statistics
High	Average	Low
-10.49 %	-33.81 %	-62.88 %
		(Sep 30 2024)

News about Luxurban Hotels Inc Return on Assets ROA

LuxUrban Hotels Inc. Faces Financial Challenges as Stock Hits 52-Week Low, CEO Robert Arigo Acknowledges Progress in Return on Assets Ranking

LuxUrban Hotels Faces Challenges as Stock Hits 52-Week Low: CEO Robert Arigo Addresses Shareholders
In a recent press release, LuxUrban Hotels Inc. (Nasdaq: LUXH), a leading hospitality company specializing in long-term lease agreements with existing hotels, shared a Letter to Shareholders from its Chief Executive Officer, Robert Arigo. The letter addresses the company s current financial performance, with LUXH stock hitting its 52-week low and a reported net loss of $93 million in the previous 12 months. Arigo acknowledges the challenges faced by LuxUrban but also highlights positive developments in the company s return on assets (ROA) ranking compared to the previous quarter.
LuxUrban Hotels operates under a unique business model, leasing entire hotels and offering individual rooms for rent to both business and vacation travelers. This strategy allows the company to leverage existing infrastructure and minimize costs. However, recent financial results have raised concerns among shareholders and investors. The cumulative net loss of $93 million in the 12 months leading up to the first quarter of 2024 has significantly impacted investor confidence and resulted in a negative ROA of -356.67%.
The company s negative financial performance stands in contrast to the Services sector, where 377 other companies achieved higher returns on assets during the same period. This discrepancy reflects the challenges faced by LuxUrban Hotels and highlights the need for strategic adjustments to improve profitability.
Despite the significant financial setbacks, Arigo emphasizes that LuxUrban has shown signs of improvement within the current quarter. The ROA ranking has climbed from 3278 in the fourth quarter of 2023 to 2694 as of March 31, 2024. This positive trajectory indicates that the company s efforts to address financial challenges are yielding some positive results. While there is still a long way to go, the improved ranking demonstrates a promising trend.

Financial Statements
Luxurban Hotels Inc 's Assets	$ 5 million	LUXH's Balance sheet
Luxurban Hotels Inc 's Income	$ -31 million	Quarterly LUXH's Income Statement
LUXH's Income by Division		See LUXH's Income by Division

Annual Return On Assets	(Dec 31 2023) FY 2023	(Dec 31 2022) FY 2022	FY	FY	FY
Y / Y Total Assets Change	83.7 %	-	-	-	-
Total Assets in million	23	13	0	0	0
Y / Y Net Income Change	-	-	-	-	-
Net Income in million	-79	-9	0	0	0
Annual Return On Assets	-335.39 %	-73.68 %	-	-	-

LUXH's 5 Years Annual ROA >> Back to LUXH Management Effectiveness >> Compare LUXH ROA to its Competitors

More Return On Assets Ratios
LUXH's' Return on Assets at Yahoo Finance
Real Estate Operations Industry Return On Assets Trends and Statistics
Services Sector Roa Statistics
Roa Trends for overall market
LUXH's Roa Ratio versus Real Estate Operations Industry, Services Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Subscribers only: Roa for LUXH's Competitors
Subscribers only: Roa for Luxurban Hotels Inc 's Suppliers
Subscribers only: Return On Assets for LUXH's Customers

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Companies with similar Return On Assets at Sep 30 2024, within Services Sector

ROA

Date modified: 2026-08-29T17:47:57+00:00

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