Crocs Inc (CROX)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,036,780 | 850,756 | 683,064 | 214,124 | 128,649 |
| Total assets | US$ in thousands | 4,643,830 | 4,501,800 | 1,545,070 | 1,118,720 | 738,802 |
| Operating ROA | 22.33% | 18.90% | 44.21% | 19.14% | 17.41% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,036,780K ÷ $4,643,830K
= 22.33%
Crocs Inc's operating return on assets (operating ROA) has experienced fluctuations over the past five years. In 2023, the operating ROA stood at 22.53%, indicating that the company generated 22.53 cents of operating income for every dollar of assets. This represents an increase compared to the 2022 figure of 18.90%.
The 2023 operating ROA is lower than the exceptional performance in 2021 when it reached 44.21%. However, it is still higher than the 2020 and 2019 levels of 21.02% and 17.41%, respectively. This indicates that in 2023, Crocs Inc was more efficient in generating operating profit from its assets compared to the previous two years.
Overall, the upward trend in operating ROA from 2019 to 2023 suggests an improvement in the company's ability to utilize its assets to generate operating income. Investors and stakeholders may view this positively as it indicates operational efficiency and effectiveness in utilizing the company's resources.
Peer comparison
Dec 31, 2023