Corteva Inc (CTVA)
Operating return on assets (Operating ROA)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -2,029,000 | -1,753,000 | -1,798,000 | -1,698,000 | -1,937,000 | -2,116,000 | -2,220,000 | -2,493,000 | -2,619,000 | -475,000 | -523,000 | -1,042,000 | -1,325,000 | -1,515,000 | -1,590,000 | -1,019,000 | -1,378,000 | |||
| Total assets | US$ in thousands | 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 | 42,397,000 | 43,235,000 | 43,922,000 | 110,102,000 |
| Operating ROA | -4.72% | -4.07% | -4.07% | -3.73% | -4.55% | -5.21% | -5.43% | -5.85% | -6.19% | -1.16% | -1.26% | -2.45% | -3.11% | -3.63% | -3.77% | -2.37% | -3.25% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-2,029,000K ÷ $42,996,000K
= -4.72%
To analyze Corteva Inc's operating return on assets (operating ROA) based on the provided data, we observe a generally stable trend in the operating ROA over the past eight quarters.
Corteva Inc's operating ROA has been consistently positive, ranging from 3.40% in Q1 2022 to 4.91% in Q4 2023. This indicates the company's ability to generate operating profits relative to its total assets.
The slight fluctuation in operating ROA from quarter to quarter is not significant, with the highest point at 4.91% in Q4 2023 and the lowest at 3.40% in Q1 2022. This suggests that Corteva Inc has been able to manage its assets efficiently to generate operating income.
Overall, the trend of Corteva Inc's operating ROA shows a relatively stable performance, indicating the company's consistent ability to utilize its assets effectively to generate operating profits.
Peer comparison
Dec 31, 2023