Crown Holdings Inc (CCK)
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 450,000 | 507,000 | 475,000 | 613,000 | 727,000 | -363,000 | -388,000 | -555,000 | -560,000 | 592,000 | 704,000 | 702,000 | 579,000 | 515,000 | 484,000 | 495,000 | 510,000 | 476,000 | 457,000 | 452,000 |
| 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 |
| ROA | 2.99% | 3.54% | 3.26% | 4.25% | 5.08% | -2.55% | -2.69% | -3.85% | -4.04% | 3.70% | 4.22% | 4.34% | 3.47% | 3.30% | 3.17% | 3.19% | 4.01% | 3.10% | 2.94% | 2.94% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $450,000K ÷ $15,034,000K
= 2.99%
Crown Holdings, Inc.'s return on assets (ROA) has been fluctuating over the past eight quarters. In Q4 2023, the ROA was 2.99%, which then increased in Q3 2023 to 3.54% before decreasing slightly in Q2 2023 to 3.26%. The ROA experienced a significant decline in Q1 2023 to 4.25%. Comparing these figures to the same quarters in the previous year, there has been a notable decrease in performance, with Q4 2022 showing an ROA of 5.08%. The company struggled in the previous year, especially in Q2 and Q3 2022, where the ROA was negative at -2.69% and -3.85% respectively. It is evident that Crown Holdings, Inc. has been facing challenges in generating profits from its assets consistently. Further analysis and investigation into the company's operations and financial health may be required to understand the reasons behind these fluctuations in ROA.
Peer comparison
Dec 31, 2023