Crown Holdings Inc (CCK)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 450,000 | 727,000 | -560,000 | 579,000 | 510,000 |
| Total assets | US$ in thousands | 15,034,000 | 14,301,000 | 13,858,000 | 16,691,000 | 12,718,000 |
| ROA | 2.99% | 5.08% | -4.04% | 3.47% | 4.01% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $450,000K ÷ $15,034,000K
= 2.99%
Crown Holdings, Inc.'s return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA was 2.99%, showing a decrease from the previous year's 5.08%. Despite the decline, the company's ROA remains positive, indicating that it generated a profit from its assets.
The negative ROA of -4.04% in 2021 stands out as a period of underperformance where the company experienced a loss relative to its asset base. The subsequent recovery in 2022 and 2023 suggests that Crown Holdings was able to improve its asset utilization and profitability.
Overall, Crown Holdings, Inc.'s ROA has shown variability in recent years, with a positive trend in 2023 compared to the previous year, but still lower than the levels seen in 2020 and 2019. Further analysis of the company's operations and efficiency in utilizing its assets may provide insights into these fluctuations.
Peer comparison
Dec 31, 2023