CH Robinson Worldwide Inc (CHRW)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 465,690 | 325,129 | 940,524 | 844,245 | 506,421 |
| Total assets | US$ in thousands | 5,297,930 | 5,225,280 | 5,954,560 | 7,028,110 | 5,144,260 |
| ROA | 8.79% | 6.22% | 15.80% | 12.01% | 9.84% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $465,690K ÷ $5,297,930K
= 8.79%
CH Robinson Worldwide Inc's return on assets (ROA) has displayed fluctuations over the past five years. The ROA increased from 9.84% as of December 31, 2020, to 12.01% by December 31, 2021, indicating improved efficiency in generating profits from its assets. Subsequently, a significant rise in ROA was observed, reaching 15.80% by December 31, 2022, suggesting enhanced asset utilization and profitability.
However, there was a decline in the company's ROA to 6.22% as of December 31, 2023, which may indicate challenges or inefficiencies in asset management during that period. Nevertheless, by December 31, 2024, the ROA recovered to 8.79%, implying a partial improvement in the company's ability to generate profits relative to its asset base.
The fluctuations in CH Robinson Worldwide Inc's ROA highlight the company's varying effectiveness in utilizing its assets to generate earnings over the years, indicating a need for continuous monitoring and strategic decision-making to maintain or improve profitability in the future.
Peer comparison
Dec 31, 2024