Crocs Inc (CROX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 792,566 | 540,159 | 725,694 | 312,861 | 119,497 |
| Total assets | US$ in thousands | 4,643,830 | 4,501,800 | 1,545,070 | 1,118,720 | 738,802 |
| ROA | 17.07% | 12.00% | 46.97% | 27.97% | 16.17% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $792,566K ÷ $4,643,830K
= 17.07%
Crocs Inc's return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA was 17.07%, indicating that the company generated 17.07 cents of profit for every dollar of assets it holds. This represents an improvement compared to 2022 when the ROA was 12.00%.
The ROA peaked in 2021 at 46.97%, reflecting a significant increase in profitability relative to the total assets employed. The following year, in 2022, the ROA dropped to 27.97%, showing a decrease in asset efficiency.
Looking back to 2019, Crocs Inc's ROA was 16.17%, suggesting it has gradually improved its asset utilization efficiency over the years. Overall, the company's ROA has exhibited variability but generally demonstrates a solid ability to generate profits from its assets.
Peer comparison
Dec 31, 2023