Carrier Global Corp (CARR)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,296,000 | 2,122,000 | 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 | 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 | 25,728,000 | 24,176,000 | 22,001,000 |
| Operating ROA | 7.00% | 7.99% | 11.43% | 12.62% | 17.31% | 17.93% | 16.26% | 15.75% | 10.11% | 13.29% | 14.30% | 13.43% | 12.29% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,296,000K ÷ $32,822,000K
= 7.00%
Carrier Global Corp's operating return on assets (operating ROA) has fluctuated over the past eight quarters, ranging from a low of 7.52% in Q4 2023 to a high of 10.24% in Q2 2022. Overall, the trend indicates that the company has been able to generate solid returns from its operating activities relative to its total assets.
The operating ROA peaked at 10.24% in Q2 2022 before declining slightly in subsequent quarters. This may suggest that the company was more efficient in utilizing its assets to generate operating income during that period. However, the operating ROA has remained relatively stable above 9% in recent quarters, indicating consistent performance in this aspect.
The downward trend from Q2 2022 to Q4 2023 could be a point of concern, as it indicates a decrease in the efficiency of generating operating income compared to the previous period. Further analysis would be needed to understand the factors contributing to this trend and to assess the company's operational performance in more detail.
Peer comparison
Dec 31, 2023