Carnival Corporation (CCL)

Return on assets (ROA)

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Net income	US$ in thousands	1,916,000	-74,000	-6,093,000	-9,501,000	-10,236,000
Total assets	US$ in thousands	49,057,000	49,120,000	51,703,000	53,344,000	53,593,000
ROA		3.91%	-0.15%	-11.78%	-17.81%	-19.10%

November 30, 2024 calculation

ROA = Net income ÷ Total assets
= $1,916,000K ÷ $49,057,000K
= 3.91%

Carnival Corporation's return on assets (ROA) has shown a declining trend over the past few years, starting at -19.10% on November 30, 2020, and improving gradually to reach 3.91% by November 30, 2024. This indicates that the company may have faced challenges in generating profits relative to its total assets in the earlier years, but has made progress in utilizing its assets more efficiently to generate positive returns in the most recent year. It is important for Carnival Corporation to continue focusing on improving its ROA to ensure optimal utilization of its assets and enhance overall profitability.