Carnival Corporation (CCL)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 27.97% | 26.26% | 56.05% | 52.82% | 50.44% | 50.18% | -30.72% | -106.55% | -207.94% | -420.57% | -767.43% | -3,584.89% | -901.39% | -69.51% | -8.81% | 23.57% | 35.90% | 37.40% | 38.19% | 39.08% |
| Operating profit margin | 11.77% | 10.07% | 2.44% | -9.46% | -23.18% | -41.46% | -65.75% | -154.50% | -283.07% | -560.92% | -1,045.72% | -5,118.71% | -1,493.21% | -165.52% | -67.00% | -15.24% | 10.50% | 15.89% | 16.44% | 16.49% |
| Pretax margin | 2.01% | -0.31% | -9.08% | -22.24% | -36.96% | -57.57% | -90.91% | -205.63% | -378.30% | -753.32% | -1,396.79% | -6,572.66% | -1,768.67% | -191.41% | -75.35% | -17.51% | 9.43% | 14.85% | 15.39% | 15.47% |
| Net profit margin | 1.98% | -0.38% | -9.08% | -22.37% | -37.09% | -57.70% | -91.08% | -205.16% | -377.82% | -751.66% | -1,391.90% | -6,564.75% | -1,763.43% | -191.09% | -75.48% | -17.88% | 9.03% | 14.50% | 15.04% | 15.16% |
Carnival Corporation's profitability ratios have shown fluctuations over the past few years. The gross profit margin has varied significantly, reaching as high as 56.05% in August 2023 but dropping to negative levels in the subsequent periods. This suggests fluctuations in the company's ability to generate profits from its core business operations.
Similarly, the operating profit margin has been erratic, with periods of negative margins indicating challenges in controlling operating expenses and generating profits from regular business activities.
The pretax margin and net profit margin have also experienced significant variability, with negative margins indicating that the company's earnings before and after taxes have been under pressure in certain periods.
Overall, the profitability ratios of Carnival Corporation show a lack of consistency and stability in generating profits over the analyzed periods. This may indicate challenges in managing costs, generating revenue, and maintaining profitability in a competitive market environment.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 0.81% | -0.15% | -3.26% | -6.69% | -9.42% | -11.78% | -13.70% | -17.33% | -17.68% | -17.81% | -17.01% | -16.57% | -19.97% | -19.10% | -14.94% | -5.93% | 3.99% | 6.64% | 6.95% | 6.71% |
| Return on total capital | 6.84% | 5.67% | 1.16% | -3.96% | -7.98% | -11.46% | -15.16% | -20.52% | -19.55% | -19.48% | -18.07% | -17.43% | -22.06% | -21.92% | -18.17% | -7.15% | 6.36% | 9.33% | 9.75% | 9.79% |
| Return on equity (ROE) | 6.06% | -1.08% | -23.33% | -59.13% | -79.34% | -86.24% | -84.91% | -111.15% | -91.35% | -78.24% | -61.25% | -51.05% | -57.67% | -49.79% | -38.92% | -14.17% | 7.71% | 11.79% | 12.10% | 12.39% |
Carnival Corporation's profitability ratios have shown a mix of performance over the past several quarters. The Operating Return on Assets (Operating ROA) has improved gradually from -13.29% in November 2021 to 4.83% in February 2024, indicating a positive trend in the company's ability to generate profits from its assets through operations.
The Return on Assets (ROA) also reflects improvement, moving from -17.81% in November 2021 to 0.81% in February 2024. This suggests that Carnival Corporation has been able to generate a positive net income relative to its total assets over time.
Return on Total Capital has similarly displayed an improvement trend, increasing from -19.48% in November 2021 to 6.84% in February 2024. This metric indicates the efficiency of the company in generating returns from both equity and debt capital.
However, the Return on Equity (ROE) has shown more volatility and inconsistency compared to the other ratios, with values fluctuating between -111.15% in November 2021 and 6.06% in February 2024. This may be attributed to variations in financial leverage and net income attributable to shareholders.
Overall, Carnival Corporation's profitability ratios have shown signs of improvement, especially in generating returns from assets and total capital. However, the company still faces challenges in delivering consistent returns to shareholders, as reflected in the fluctuating ROE.