Carnival Corporation (CCL)
Operating return on assets (Operating ROA)
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,575,000 | 3,398,000 | 2,844,000 | 2,404,000 | 1,956,000 | 437,000 | -1,466,000 | -3,059,000 | -4,378,000 | -5,136,000 | -6,914,000 | -7,057,000 | -7,090,000 | -6,839,000 | -7,115,000 | -9,676,000 | -8,865,000 | -6,738,000 | -2,515,000 | 2,177,000 |
| Total assets | US$ in thousands | 49,057,000 | 49,805,000 | 49,603,000 | 49,761,000 | 49,120,000 | 49,756,000 | 51,873,000 | 51,985,000 | 51,703,000 | 51,917,000 | 52,988,000 | 53,281,000 | 53,344,000 | 53,514,000 | 55,064,000 | 57,226,000 | 53,593,000 | 50,818,000 | 49,817,000 | 46,943,000 |
| Operating ROA | 7.29% | 6.82% | 5.73% | 4.83% | 3.98% | 0.88% | -2.83% | -5.88% | -8.47% | -9.89% | -13.05% | -13.24% | -13.29% | -12.78% | -12.92% | -16.91% | -16.54% | -13.26% | -5.05% | 4.64% |
November 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,575,000K ÷ $49,057,000K
= 7.29%
Operating return on assets (Operating ROA) is a key financial metric that indicates the efficiency of Carnival Corporation in generating profits from its assets dedicated to operations.
From February 2020 to November 2024, Carnival Corporation's operating ROA experienced fluctuations.
- The operating ROA started at 4.64% in February 2020 and declined to -16.91% by February 2021, indicating a significant decrease in profitability relative to assets employed in operations.
- In the subsequent quarters, the negative trend continued, with operating ROA fluctuating between -16.54% and -13.05% until August 2022.
- From August 2022, there was a gradual improvement in operating ROA, turning positive at 0.88% in August 2023 and further increasing to 7.29% in November 2024.
The overall improvement in operating ROA from negative values to positive values over time suggests that Carnival Corporation managed to enhance its operational efficiency and profitability in utilizing its assets effectively. This improvement reflects positively on the company's ability to generate returns from its operational activities.
However, it is essential for investors and analysts to monitor this metric continuously to assess Carnival Corporation's operational performance and effectiveness in utilizing its assets to generate profits.
Peer comparison
Nov 30, 2024