Carpenter Technology Corporation (CRS)

Return on assets (ROA)

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Net income (ttm)	US$ in thousands	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	1,500	168,800	180,000	176,700
Total assets	US$ in thousands	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	3,227,200	3,429,400	3,403,600	3,341,500
ROA		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%	0.05%	4.92%	5.29%	5.29%

June 30, 2024 calculation

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

Carpenter Technology Corporation's return on assets (ROA) has shown a fluctuating trend over the past several quarters. The company's ROA improved significantly from negative figures in late 2021 to positive figures by mid-2022 and continued to increase into 2024. This improvement suggests that Carpenter Technology has been able to generate more profits relative to its total assets, indicating better asset utilization and management efficiency.

The ROA was around -1.67% in the middle of 2022, but steadily climbed to 5.67% by June 2024, showing a positive trend in the company's ability to generate earnings from its assets. This upward trend signals potential improvements in operational efficiency and profitability. Overall, Carpenter Technology Corporation's ROA trend indicates a positive trajectory and suggests that the company has been successful in increasing profitability relative to the assets it holds.