Corteva Inc (CTVA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 907,000 | 695,000 | 898,000 | 559,000 | 735,000 | 947,000 | 946,000 | 1,201,000 | 1,170,000 | 1,370,000 | 1,722,000 | 1,723,000 | 1,759,000 | 1,641,000 | 1,219,000 | 1,009,000 | 681,000 | 619,000 | 517,000 | -851,000 |
| 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 |
| ROA | 2.22% | 1.66% | 2.17% | 1.28% | 1.71% | 2.20% | 2.14% | 2.64% | 2.75% | 3.37% | 4.21% | 4.04% | 4.15% | 3.99% | 2.94% | 2.37% | 1.60% | 1.48% | 1.23% | -1.98% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $907,000K ÷ $40,825,000K
= 2.22%
The Return on Assets (ROA) measures the efficiency of a company in generating profits from its assets. In the case of Corteva Inc, the ROA has shown fluctuations over the past few years:
- The ROA was negative at -1.98% as of March 31, 2020, indicating that the company was not effectively utilizing its assets to generate profits.
- However, the ROA turned positive from June 30, 2020, onwards, with the percentage increasing steadily over the following quarters.
- The trend peaked at 4.21% as of June 30, 2022, before experiencing a slight decline.
- Despite some fluctuations, the ROA generally remained above 2% from June 30, 2021, to June 30, 2024, which suggests that Corteva Inc was effectively utilizing its assets to generate profits during this period.
- The ROA decreased to 1.66% as of September 30, 2024, before showing a slight improvement to 2.22% as of December 31, 2024.
Overall, the fluctuating trend in Corteva Inc's ROA indicates varying levels of efficiency in generating profits from its assets. The company should continue monitoring and managing its asset utilization to maintain a healthy return on assets.
Peer comparison
Dec 31, 2024