Corteva Inc (CTVA)
Operating return on assets (Operating ROA)
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,166,000 | 1,963,000 | 2,167,000 | 1,446,000 | 1,529,000 | 1,301,000 | 1,390,000 | 1,996,000 | 1,868,000 | 2,229,000 | 2,119,000 | 1,779,000 | 1,628,000 | 1,256,000 | 1,115,000 | 917,000 | 843,000 | 775,000 | 779,000 | 1,021,000 |
| Total assets | US$ in thousands | 40,825,000 | 41,908,000 | 41,464,000 | 43,625,000 | 42,996,000 | 43,110,000 | 44,189,000 | 45,500,000 | 42,618,000 | 40,651,000 | 40,906,000 | 42,633,000 | 42,344,000 | 41,122,000 | 41,496,000 | 42,549,000 | 42,649,000 | 41,690,000 | 42,180,000 | 42,978,000 |
| Operating ROA | 5.31% | 4.68% | 5.23% | 3.31% | 3.56% | 3.02% | 3.15% | 4.39% | 4.38% | 5.48% | 5.18% | 4.17% | 3.84% | 3.05% | 2.69% | 2.16% | 1.98% | 1.86% | 1.85% | 2.38% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,166,000K ÷ $40,825,000K
= 5.31%
Operating Return on Assets (Operating ROA) is a financial ratio that provides insight into a company's efficiency in generating operating profits relative to its total assets. For Corteva Inc, the operating ROA has shown fluctuations over the examined periods.
From March 31, 2020, to June 30, 2023, the operating ROA ranged between 1.85% and 5.48%, with varying levels of performance. The ratio experienced an upward trend from March 31, 2020, to June 30, 2022, reaching its peak at 5.48% on September 30, 2022. This period reflected Corteva's ability to improve operational efficiency and generate higher returns from its assets.
However, from September 30, 2022, to December 31, 2024, the operating ROA fluctuated between 3.02% and 5.31%, showing some instability. The ratio peaked again at 5.31% on December 31, 2024, indicating a recovery in operational performance after a slight decline in the previous quarter.
Overall, Corteva Inc's operating ROA exhibits variability over the analysis period, suggesting fluctuations in the efficiency of utilizing assets to generate operating income. Investors and analysts may further investigate the underlying factors driving these fluctuations to assess the company's operational performance and profitability sustainability.
Peer comparison
Dec 31, 2024