Carrier Global Corp (CARR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 5,604,000 | 3,473,000 | 3,383,000 | 1,245,000 | 1,349,000 | 1,199,000 | 2,154,000 | 2,528,000 | 3,534,000 | 3,588,000 | 2,745,000 | 2,659,000 | 1,664,000 | 2,585,000 | 2,857,000 | 2,631,000 | 2,343,000 |
| 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 |
| ROA | 14.98% | 8.64% | 8.37% | 3.05% | 4.11% | 4.52% | 8.20% | 9.57% | 13.55% | 14.15% | 11.60% | 10.99% | 6.36% | 10.02% | 11.10% | 10.58% | 9.34% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $5,604,000K ÷ $37,403,000K
= 14.98%
Analysis of Carrier Global Corp Return on Assets (ROA):
Carrier Global Corp's Return on Assets (ROA) has shown fluctuations over the past few years. As of December 31, 2020, the ROA was 9.34%, indicating that the company generated 9.34 cents of profit for every dollar of assets it possessed. The ROA increased to 11.10% by June 30, 2021, reflecting improved efficiency in asset utilization.
However, the ROA declined to 6.36% by December 31, 2021, signaling a decrease in profitability relative to the assets employed. The trend reversed in the following periods, with the ROA reaching 14.15% by September 30, 2022, and remaining strong at 13.55% by December 31, 2022. This improvement suggests enhanced operational effectiveness and better management of assets.
Subsequently, the ROA exhibited a downward trend, declining to 4.11% by December 31, 2023. This reduction could indicate challenges in generating profits from the assets or changes in the asset base that impacted profitability. The ROA further dropped to 3.05% by March 31, 2024, before rebounding to 14.98% by December 31, 2024.
Overall, Carrier Global Corp's ROA has demonstrated variability, reflecting fluctuations in the company's profitability relative to its asset base. It is essential for investors and stakeholders to monitor these changes to assess the company's ability to effectively utilize its assets and generate returns.
Peer comparison
Dec 31, 2024