Crane Company (CR)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 212,000 | |||
| Total assets | US$ in thousands | 2,333,600 | 2,191,900 | 2,179,100 | 2,231,700 |
| ROA | 9.08% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $212,000K ÷ $2,333,600K
= 9.08%
Crane Company's return on assets (ROA) was 9.08% as of December 31, 2023.
ROA is a financial ratio that measures a company's ability to generate profits from its assets. A higher ROA indicates that the company is more efficient in utilizing its assets to generate profits. In this case, an ROA of 9.08% suggests that Crane Company is generating a reasonable return on its assets, indicating effective management of its resources.
It is important for Crane Company to maintain or improve its ROA over time to ensure long-term profitability and sustainability. Monitoring ROA can provide insights into the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023