Corteva Inc (CTVA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 735,000 | 1,147,000 | 1,759,000 | 681,000 | -959,000 |
| Total assets | US$ in thousands | 42,996,000 | 42,618,000 | 42,344,000 | 42,649,000 | 42,397,000 |
| ROA | 1.71% | 2.69% | 4.15% | 1.60% | -2.26% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $735,000K ÷ $42,996,000K
= 1.71%
Corteva Inc's Return on Assets (ROA) has exhibited fluctuations over the past five years. The ROA stood at 1.71% as of December 31, 2023, marking a decrease from the prior year's level. This decrease may indicate a potential decline in the company's ability to generate profits relative to its total assets in the most recent period.
Comparing the current ROA to earlier figures, we observe a downward trend since 2021, when the ROA was at its highest point of 4.15%. The decline in ROA between 2022 and 2023 suggests a possible decrease in the efficiency of Corteva's asset utilization or profitability.
It is important to note a significant improvement in ROA from negative 2.26% in 2019 to positive figures in subsequent years, signifying a positive turnaround in the company's performance in utilizing its assets to generate profits. Overall, a careful analysis of factors impacting Corteva's ROA would be necessary to better understand the underlying reasons for the observed trends.
Peer comparison
Dec 31, 2023