CNH Industrial N.V. (CNH)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,371,000 | 2,029,000 | 1,723,000 | -493,000 | 1,422,000 |
| Total assets | US$ in thousands | 46,267,000 | 39,381,000 | 6,789,000 | 48,719,000 | 47,352,000 |
| ROA | 5.12% | 5.15% | 25.38% | -1.01% | 3.00% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $2,371,000K ÷ $46,267,000K
= 5.12%
The return on assets (ROA) of CNH Industrial N.V. has exhibited fluctuations over the past five years. In 2023, the ROA stood at 5.12%, slightly lower than the previous year's figure of 5.15%. However, this level of ROA indicates the company generated approximately 5.12 cents of profit for every dollar of assets it possesses.
Notably, in 2021, CNH Industrial N.V. achieved a significantly higher ROA of 25.38%, representing a substantial return on its assets during that year. In contrast, the ROA was negative in 2020 at -1.01%, indicating that the company experienced a loss in relation to its assets that year.
The ROA trend improved in 2019, reaching 3.00%, indicating a modest return on assets during that period. Overall, the varying ROA values across the years suggest fluctuations in the company's efficiency in generating profits from its asset base, with the highest returns achieved in 2021 and more consistent, albeit more moderate, returns in the surrounding years.
Peer comparison
Dec 31, 2023