Crown Holdings Inc (CCK)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 424,000 | 450,000 | 727,000 | -560,000 | 579,000 |
| Total assets | US$ in thousands | 13,848,000 | 15,034,000 | 14,301,000 | 13,858,000 | 16,691,000 |
| ROA | 3.06% | 2.99% | 5.08% | -4.04% | 3.47% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $424,000K ÷ $13,848,000K
= 3.06%
Based on the provided data, Crown Holdings Inc's return on assets (ROA) has shown fluctuations over the years.
- As of December 31, 2020, the ROA was 3.47%, indicating that the company generated 3.47 cents of profit for every dollar of assets it had.
- By December 31, 2021, the ROA had decreased to -4.04%, signifying that the company incurred a loss relative to its assets during that period.
- The ROA then significantly improved to 5.08% by December 31, 2022, suggesting that the company efficiently utilized its assets to generate profit.
- The ROA saw a slight dip to 2.99% by December 31, 2023, which may indicate a decrease in asset efficiency or profitability.
- Finally, as of December 31, 2024, the ROA increased slightly to 3.06%, showing a moderate improvement in asset profitability.
Overall, the trend in Crown Holdings Inc's ROA indicates some variability in asset efficiency and profitability over the years, with both positive and negative fluctuations. It is essential for the company to analyze the factors driving these changes to maintain and enhance its financial performance.
Peer comparison
Dec 31, 2024