CH Robinson Worldwide Inc (CHRW)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	514,607	1,266,780	1,082,110	673,268	789,976
Total assets	US$ in thousands	5,225,280	5,954,560	7,028,110	5,144,260	4,641,060
Operating ROA		9.85%	21.27%	15.40%	13.09%	17.02%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $514,607K ÷ $5,225,280K
= 9.85%

C.H. Robinson Worldwide, Inc.'s operating return on assets (operating ROA) has demonstrated varying levels of performance over the past five years. The operating ROA stood at 9.85% at the end of 2023, a noticeable decrease from the prior year's 21.27%. This decline suggests a decrease in the company's operating efficiency in generating profits from its assets.

In 2022, the company achieved a relatively high operating ROA of 21.27%, indicating robust profitability relative to its asset base. This performance marked an improvement from 15.40% in 2021, showcasing the company's ability to generate more earnings from its assets in that year.

The trend in the operating ROA over the five-year period indicates some volatility, with fluctuations between 13.09% and 21.27%. This volatility could be a result of changes in the company's operations, asset management strategies, or competitive landscape over the years.

Overall, the analysis of C.H. Robinson Worldwide, Inc.'s operating ROA highlights the importance of monitoring and evaluating its performance in efficiently utilizing its assets to generate profits. It would be essential for stakeholders to assess the factors contributing to the fluctuations in operating ROA to gain insights into the company's operational efficiency and financial health.