Carnival Corporation (CCL)
Operating return on assets (Operating ROA)
| 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 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 3,276,000 | 3,344,000 | 3,248,000 |
| Total assets | US$ in thousands | 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 | 45,058,000 | 44,001,000 | 44,512,000 |
| Operating ROA | 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% | 7.27% | 7.60% | 7.30% |
February 29, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,404,000K ÷ $49,761,000K
= 4.83%
The operating return on assets (operating ROA) for Carnival Corporation has exhibited significant fluctuations over the past few quarters.
The most recent figure of 4.83% as of February 29, 2024, indicates an improvement from the previous periods, showing a positive trend. This suggests that the company is generating a higher operating profit relative to its total assets, which is a positive indicator of operational efficiency and profitability.
Prior to this improvement, there was a gradual increase in operating ROA from the negative territory in May 2021 to the positive range in November 2023, signaling a potential turnaround in the company's operational performance.
However, it is important to note that there were periods of negative operating ROA in the past, particularly in 2021 and early 2022, which may indicate operational challenges and inefficiencies within the company.
Overall, the recent positive trend in operating ROA for Carnival Corporation reflects a potential improvement in the company's ability to generate profit from its assets, but further monitoring is advisable to assess the sustainability of this performance.
Peer comparison
Feb 29, 2024