Carlisle Companies Incorporated (CSL)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 767,400 | 924,000 | 421,700 | 320,100 | 472,800 |
| Total assets | US$ in thousands | 6,620,000 | 7,222,000 | 7,246,800 | 5,866,400 | 5,496,000 |
| ROA | 11.59% | 12.79% | 5.82% | 5.46% | 8.60% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $767,400K ÷ $6,620,000K
= 11.59%
Based on the data provided, Carlisle Companies Inc.'s Return on Assets (ROA) has fluctuated over the past five years. In 2023, the ROA was 11.59%, a decrease from the previous year's 12.79%. This suggests that the company's ability to generate profits from its assets slightly declined. However, compared to the ROA values in 2021 and 2020, which were 5.82% and 5.44% respectively, the current ROA indicates better asset utilization.
In 2019, Carlisle Companies Inc. had an ROA of 8.58%, which was higher than the 2023 figure. It seems that the company's return on assets peaked in 2022 and has since experienced a moderate decline.
Overall, the ROA trend indicates that Carlisle Companies Inc. has been able to generate a relatively stable return on its assets, with some variability in performance over the years. Further analysis of the company's operations and efficiency in asset utilization would be beneficial to understand the factors contributing to these fluctuations in ROA.
Peer comparison
Dec 31, 2023