Carpenter Technology Corporation (CRS)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	186,500	56,400	-49,100	-229,600	1,500
Total assets	US$ in thousands	3,291,700	3,053,900	2,932,300	2,971,200	3,227,200
ROA		5.67%	1.85%	-1.67%	-7.73%	0.05%

June 30, 2024 calculation

ROA = Net income ÷ Total assets
= $186,500K ÷ $3,291,700K
= 5.67%

Carpenter Technology Corporation's return on assets (ROA) has shown a positive trend over the past five years. The ROA increased from 0.05% in June 2020 to 5.67% in June 2024, indicating an improvement in the company's ability to generate profit relative to its total assets. This suggests that Carpenter Technology Corporation has become more efficient in utilizing its assets to generate earnings. However, it is important to note that in June 2022, the ROA was negative at -1.67%, signifying that the company's assets were not effectively generating profits during that period. Overall, the increasing trend in ROA demonstrates improving profitability and efficiency in asset utilization by Carpenter Technology Corporation.