Corteva Inc (CTVA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 907,000 | 735,000 | 1,147,000 | 1,759,000 | 681,000 |
| Total assets | US$ in thousands | 40,825,000 | 42,996,000 | 42,618,000 | 42,344,000 | 42,649,000 |
| ROA | 2.22% | 1.71% | 2.69% | 4.15% | 1.60% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $907,000K ÷ $40,825,000K
= 2.22%
Based on the data provided, Corteva Inc's return on assets (ROA) has shown fluctuations over the past five years. In 2020, the ROA stood at 1.60%, which increased significantly to 4.15% by the end of 2021. However, in the subsequent years, the ROA experienced some variability, declining to 2.69% by the end of 2022, further dropping to 1.71% by the end of 2023, and then slightly improving to 2.22% by the end of 2024.
Overall, the trend in Corteva Inc's ROA indicates a significant improvement in 2021 followed by some volatility in the subsequent years. It is essential for the company to consistently monitor and manage its asset utilization efficiency to ensure sustained profitability and value creation for its stakeholders.
Peer comparison
Dec 31, 2024