Carrier Global Corp (CARR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 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 |
| ROA | 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, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,349,000K ÷ $32,822,000K
= 4.11%
ROA represents the efficiency of Carrier Global Corp in generating profits from its assets. Over the past 8 quarters (Q1 2022 to Q4 2023), the company's ROA has shown some fluctuations.
Carrier Global Corp's ROA has generally been on a decreasing trend, starting at 13.55% in Q4 2022 and declining to 4.11% in Q4 2023. This downward trend indicates a potential decrease in the company's ability to generate profits relative to its total assets.
The highest ROA during this period was observed in Q2 2023 at 8.20%, suggesting a relatively strong performance in generating profits compared to assets during that quarter. However, the ROA dropped significantly in the following quarters.
Overall, the decreasing trend in ROA may raise some concerns about the company's asset utilization efficiency and profitability. Further analysis and investigation into the factors affecting this trend would be prudent to identify potential areas for improvement.
Peer comparison
Dec 31, 2023