Carnival Corporation (CCL)
Return on assets (ROA)
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -74,000 | -6,093,000 | -9,501,000 | -10,236,000 | 2,990,000 |
| Total assets | US$ in thousands | 49,120,000 | 51,703,000 | 53,344,000 | 53,593,000 | 45,058,000 |
| ROA | -0.15% | -11.78% | -17.81% | -19.10% | 6.64% |
November 30, 2023 calculation
ROA = Net income ÷ Total assets
= $-74,000K ÷ $49,120,000K
= -0.15%
Carnival Corp.'s return on assets (ROA) has fluctuated significantly over the past five years. In particular, the company experienced a sharp decline in ROA from 2019 to 2020, with a substantial negative ROA of -19.10%. This was followed by further decreases in 2021 and 2022, indicating continued challenges in generating profit from its assets. The negative ROA of -0.15% in 2023 suggests that the company is still struggling to effectively utilize its assets to generate earnings. Overall, the trend in ROA reflects a decline in the company's ability to generate profit relative to its asset base, signifying potential concerns about efficiency and profitability.
Peer comparison
Nov 30, 2023