Carnival Corporation (CCL)
Operating return on assets (Operating ROA)
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,574,000 | 1,956,000 | -4,379,000 | -7,089,000 | -8,865,000 |
| Total assets | US$ in thousands | 49,057,000 | 49,120,000 | 51,703,000 | 53,344,000 | 53,593,000 |
| Operating ROA | 7.29% | 3.98% | -8.47% | -13.29% | -16.54% |
November 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $3,574,000K ÷ $49,057,000K
= 7.29%
Carnival Corporation's operating return on assets (ROA) has exhibited a fluctuating trend over the past five years. As of November 30, 2020, the company had a negative operating ROA of -16.54%, indicating that its operating income generated from its assets was insufficient to cover the asset base.
Subsequently, the operating ROA improved slightly by November 30, 2021, to -13.29%, although it remained negative. The trend continued to show signs of improvement as of November 30, 2022, with the operating ROA further increasing to -8.47%.
By November 30, 2023, Carnival Corporation's operating ROA turned positive at 3.98%, suggesting that the company's operating income began to outpace its asset base, which is a positive indicator of efficiency and profitability.
The most recent data point, as of November 30, 2024, shows a significant improvement in the operating ROA to 7.29%, indicating that the company has been able to generate a healthy return on its assets, potentially due to operational efficiency or strategic changes.
Overall, the trend in Carnival Corporation's operating ROA showcases a turnaround from negative values to positive territory, reflecting potential improvements in the company's operational performance and profitability. It is essential for investors and stakeholders to continue monitoring this metric to assess the company's ability to effectively use its assets to generate operating income.
Peer comparison
Nov 30, 2024