CH Robinson Worldwide Inc (CHRW)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	325,129	940,524	844,245	506,421	576,968
Total assets	US$ in thousands	5,225,280	5,954,560	7,028,110	5,144,260	4,641,060
ROA		6.22%	15.80%	12.01%	9.84%	12.43%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $325,129K ÷ $5,225,280K
= 6.22%

The return on assets (ROA) of C.H. Robinson Worldwide, Inc. fluctuated over the past five years, ranging from 6.22% in 2023 to 15.80% in 2022. It decreased significantly from 2022 to 2023, indicating a decline in the company's ability to generate profits relative to its total assets. The ROA was relatively high in 2022 and 2019, suggesting efficient utilization of assets to generate profits during those years. The trend in ROA indicates variability in the company's asset utilization efficiency and profitability over the years, with a general uptrend in the earlier years followed by a decline in recent years. Further analysis may be required to assess the factors contributing to the fluctuations in ROA and its implications for the company's financial performance and operational effectiveness.