Carnival Corporation (CCL)

Return on assets (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
Net income (ttm)	US$ in thousands	1,916,000	1,565,000	904,000	405,000	-74,000	-1,624,000	-3,468,000	-4,895,000	-6,093,000	-7,115,000	-9,181,000	-9,419,000	-9,501,000	-9,103,000	-9,125,000	-11,427,000	-10,235,000	-7,590,000	-2,952,000	1,873,000
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
ROA		3.91%	3.14%	1.82%	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%

November 30, 2024 calculation

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

Carnival Corporation's return on assets (ROA) has shown a fluctuating trend over the observed period. Starting from February 2020 with a positive ROA of 3.99%, the company experienced a decline in profitability, reaching negative figures in the following months. The ROA was particularly low in November 2020 at -19.10% and continued to decline until February 2023, hitting the lowest point at -9.42%.

From May 2023 onwards, the ROA started to improve gradually, moving back into positive territory in November 2023 with a return of 0.81%. Subsequently, the company's ROA showed a positive trend, reaching 3.91% by November 2024.

Overall, this indicates that Carnival Corporation faced significant challenges in maintaining profitability during the observed period but managed to turn around its performance and improve its return on assets towards the latter part of the period. Investors and stakeholders may want to closely monitor the company's financial performance and operational efficiency to assess its future profitability.