Corteva Inc (CTVA)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,096,000 | 941,000 | 1,892,000 | 1,317,000 | 1,055,000 |
| Total assets | US$ in thousands | 40,825,000 | 42,996,000 | 42,618,000 | 42,344,000 | 42,649,000 |
| Operating ROA | 5.13% | 2.19% | 4.44% | 3.11% | 2.47% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $2,096,000K ÷ $40,825,000K
= 5.13%
Based on the data provided, the operating return on assets (operating ROA) for Corteva Inc has shown fluctuations over the past five years.
In 2020, the operating ROA was 2.47%, indicating that for every dollar of assets employed in its operations, the company generated a return of 2.47 cents.
By the end of 2021, the operating ROA improved to 3.11%, showing a positive trend in the company's ability to generate profits from its assets.
The following year, 2022, saw a significant increase in operating ROA to 4.44%, suggesting that Corteva Inc became more efficient in utilizing its assets to generate higher returns.
However, in 2023, the operating ROA dropped to 2.19%, signaling a decrease in profitability relative to the assets employed.
In the most recent year, 2024, the operating ROA rebounded to 5.13%, reaching the highest level in the period under review, indicating a stronger performance in terms of generating profits from its assets.
Overall, fluctuations in operating ROA can be influenced by various factors such as changes in sales, cost management, asset efficiency, and overall business performance. It is important for Corteva Inc to monitor and analyze these changes to ensure sustainable and profitable operations in the long run.
Peer comparison
Dec 31, 2024