Carpenter Technology Corporation (CRS)
Return on assets (ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 376,000 | 357,900 | 268,800 | 227,400 | 186,500 | 131,300 | 143,600 | 107,100 | 56,300 | 20,500 | -5,600 | -41,200 | -49,100 | -108,800 | -141,800 | -197,300 | -229,600 | -290,900 | -210,500 | -86,800 |
| Total assets | US$ in thousands | 3,486,800 | 3,361,800 | 3,326,700 | 3,255,000 | 3,291,700 | 3,176,200 | 3,159,200 | 3,076,800 | 3,053,900 | 3,094,300 | 3,056,500 | 2,939,900 | 2,932,300 | 3,230,200 | 2,879,900 | 2,959,900 | 2,971,200 | 3,011,000 | 3,043,900 | 3,128,700 |
| ROA | 10.78% | 10.65% | 8.08% | 6.99% | 5.67% | 4.13% | 4.55% | 3.48% | 1.84% | 0.66% | -0.18% | -1.40% | -1.67% | -3.37% | -4.92% | -6.67% | -7.73% | -9.66% | -6.92% | -2.77% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $376,000K ÷ $3,486,800K
= 10.78%
The analysis of Carpenter Technology Corporation's return on assets (ROA) over the specified period reveals notable fluctuations and a general upward trend in profitability relative to total assets. Starting from a negative ROA of -2.77% on September 30, 2020, the company's ROA declined further, reaching a low of -9.66% by March 31, 2021. During this period, the negative figures indicate that the company was experiencing losses in relation to its asset base.
Subsequently, the ROA exhibited gradual improvement, moving from -7.73% at June 30, 2021, to -6.67% at September 30, 2021, and further narrowing to -4.92% by December 31, 2021. The positive trajectory continued into 2022, with ROA figures improving to -3.37% at March 31, 2022, and approaching break-even territory at -1.67% on June 30, 2022, and -1.40% on September 30, 2022.
A significant turnaround occurred as the ROA transitioned into positive territory, reaching 0.66% on March 31, 2023, and continuing to increase to 1.84% on June 30, 2023, and 3.48% by September 30, 2023. The upward momentum persisted, with ROA rising to 4.55% at the close of 2023, and further to 4.13% on March 31, 2024. The trend maintained strength through 2024 and into mid-2025, with the ROA reaching 5.67% on June 30, 2024, 6.99% on September 30, 2024, and culminating in 8.08% at December 31, 2024. The most recent data points demonstrate continued improvement, with the ROA at 10.65% on March 31, 2025, and 10.78% on June 30, 2025.
Overall, the progression from negative to positive ROA figures indicates a substantial recovery and enhancement in the company's efficiency at generating profits from its assets. The trend suggests that Carpenter Technology Corporation has been successful in improving operational performance, asset utilization, and profitability over this period.
Peer comparison
Jun 30, 2025