Core Laboratories NV (CLB)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 31,400 | 26,196 | 23,708 | 37,522 |
| Total assets | US$ in thousands | 590,406 | 600,466 | 597,799 | 587,950 |
| ROA | 5.32% | 4.36% | 3.97% | 6.38% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $31,400K ÷ $590,406K
= 5.32%
Core Laboratories NV's return on assets (ROA) has shown some variability over the four quarters of 2024. In March 2024, the ROA was 6.38%, indicating that the company generated a return of 6.38% on every dollar of assets. However, there was a decrease in ROA in the subsequent quarter, with a reported figure of 3.97% in June 2024.
The ROA then improved in September 2024, reaching 4.36%, but further increased significantly to 5.32% by December 2024. This upward trend suggests that Core Laboratories NV became more efficient in generating profits from its assets towards the end of the year.
Overall, the average ROA for 2024 appears to be positive, indicating that the company is effectively utilizing its assets to generate returns for its investors. However, it may be important to monitor the fluctuations in ROA to assess the company's ongoing operational efficiency and profitability.
Peer comparison
Dec 31, 2024