Carnival Corporation (CCL)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	9,251,000	8,597,000	6,814,000	6,682,000	6,882,000	6,960,000	5,865,000	6,170,000	7,065,000	8,379,000	8,260,000	10,311,000	12,144,000	14,863,000	17,876,000	19,813,000	20,555,000	19,503,000	20,840,000	24,290,000
ROE		20.71%	18.20%	13.27%	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%

November 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,916,000K ÷ $9,251,000K
= 20.71%

Carnival Corporation's return on equity (ROE) has exhibited significant fluctuations over the period from February 2020 to November 2024. The ROE started at 7.71% in February 2020 but turned negative in the subsequent quarters, reaching its lowest point of -111.15% in May 2022.

However, there was a gradual improvement in the company's ROE from November 2022 onwards. By November 2024, Carnival Corporation had managed to achieve an ROE of 20.71%, indicating a positive return on shareholder equity.

The erratic performance of ROE during this period may suggest challenges faced by the company, potentially due to the impact of external factors such as the COVID-19 pandemic on the cruise industry. Investors and stakeholders should closely monitor Carnival Corporation's future ROE trends to assess its ability to generate value for shareholders.