Carrier Global Corp (CARR)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,646,000 | 2,411,000 | 2,158,000 | 1,923,000 | 2,093,000 | 1,987,000 | 3,003,000 | 3,333,000 | 4,515,000 | 4,545,000 | 3,847,000 | 3,811,000 | 2,645,000 | 3,427,000 | 3,680,000 | 3,339,000 | 3,083,000 |
| Total assets | US$ in thousands | 37,403,000 | 40,201,000 | 40,424,000 | 40,810,000 | 32,822,000 | 26,544,000 | 26,284,000 | 26,411,000 | 26,086,000 | 25,350,000 | 23,662,000 | 24,193,000 | 26,172,000 | 25,788,000 | 25,738,000 | 24,868,000 | 25,093,000 |
| Operating ROA | 7.07% | 6.00% | 5.34% | 4.71% | 6.38% | 7.49% | 11.43% | 12.62% | 17.31% | 17.93% | 16.26% | 15.75% | 10.11% | 13.29% | 14.30% | 13.43% | 12.29% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,646,000K ÷ $37,403,000K
= 7.07%
Based on the data provided, Carrier Global Corp's operating return on assets (operating ROA) has shown fluctuations over the reporting periods. The operating ROA started at 12.29% as of December 31, 2020, and generally trended upwards until reaching a peak of 17.93% as of September 30, 2022.
After September 30, 2022, the operating ROA began to decline, reaching 6.38% by December 31, 2023. This downward trend continued into the following periods, with the operating ROA falling to 4.71% as of March 31, 2024, before showing a slight increase to 7.07% by December 31, 2024.
The fluctuations in operating ROA indicate variability in the company's ability to generate operating income from its assets over time. It is important for stakeholders to monitor these changes closely to understand the company's operational efficiency and profitability. Additional analysis would be required to determine the factors contributing to the fluctuations in Carrier Global Corp's operating ROA and to assess the overall sustainability of its performance.
Peer comparison
Dec 31, 2024