Crown Holdings Inc (CCK)
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,269,000 | 1,239,000 | 1,162,000 | 1,261,000 | 1,336,000 | 1,410,000 | 1,461,000 | 1,380,000 | 1,363,000 | 1,397,000 | 1,364,000 | 1,187,000 | 1,106,000 | 968,000 | 1,005,000 | 1,180,000 | 1,196,000 | 1,215,000 | 1,228,000 | 1,137,000 |
| Total assets | US$ in thousands | 15,034,000 | 14,321,000 | 14,569,000 | 14,412,000 | 14,301,000 | 14,224,000 | 14,399,000 | 14,430,000 | 13,858,000 | 16,006,000 | 16,695,000 | 16,180,000 | 16,691,000 | 15,629,000 | 15,265,000 | 15,533,000 | 12,718,000 | 15,337,000 | 15,565,000 | 15,357,000 |
| Operating ROA | 8.44% | 8.65% | 7.98% | 8.75% | 9.34% | 9.91% | 10.15% | 9.56% | 9.84% | 8.73% | 8.17% | 7.34% | 6.63% | 6.19% | 6.58% | 7.60% | 9.40% | 7.92% | 7.89% | 7.40% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,269,000K ÷ $15,034,000K
= 8.44%
The operating return on assets (operating ROA) for Crown Holdings, Inc. has shown some fluctuation over the past eight quarters. The trend indicates that the company's ability to generate operating income from its assets has been relatively stable, ranging from a low of 8.24% in Q2 2023 to a high of 9.24% in Q2 2022.
The average level of operating ROA over this period is approximately 8.9%, suggesting that, on average, Crown Holdings generates operating income equivalent to around 8.9% of its total assets.
Investors and stakeholders may view this metric as an indication of the company's efficiency in using its assets to generate operating profits. It is worth noting that while the metric has varied quarter by quarter, the overall performance seems to be within a relatively narrow range, demonstrating some consistency in the company's ability to generate returns from its asset base.
Peer comparison
Dec 31, 2023