Crown Holdings Inc (CCK)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,269,000 | 1,336,000 | 1,363,000 | 1,048,000 | 1,027,000 |
| Total assets | US$ in thousands | 15,034,000 | 14,301,000 | 13,858,000 | 16,691,000 | 12,718,000 |
| Operating ROA | 8.44% | 9.34% | 9.84% | 6.28% | 8.08% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,269,000K ÷ $15,034,000K
= 8.44%
Crown Holdings, Inc.'s operating return on assets (operating ROA) has exhibited a relatively consistent and positive trend over the past five years, with a slight fluctuation from 7.71% in 2019 to 9.20% in 2023. This indicates that the company has been effective in generating operating income relative to its total assets during this period.
The highest operating ROA was observed in 2021 at 9.63%, showcasing the company's efficiency in utilizing its assets to generate operating profits. The lowest operating ROA of 7.71% in 2019 suggests a slightly less efficient performance that year, but the subsequent improvement in the following years demonstrates positive growth and operational effectiveness.
Overall, the consistent performance and gradual increase in operating ROA suggest that Crown Holdings, Inc. has been successful in managing its assets to generate operating income, which is a positive indicator of the company's operational efficiency and profitability over the analyzed period.
Peer comparison
Dec 31, 2023