Corteva Inc (CTVA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 735,000 | 933,000 | 923,000 | 1,178,000 | 1,147,000 | 1,361,000 | 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 | -959,000 | |||
| 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 |
| ROA | 1.71% | 2.16% | 2.09% | 2.59% | 2.69% | 3.35% | 4.21% | 4.04% | 4.15% | 3.99% | 2.94% | 2.37% | 1.60% | 1.48% | 1.23% | -1.98% | -2.26% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $735,000K ÷ $42,996,000K
= 1.71%
Corteva Inc's return on assets (ROA) has shown a declining trend over the last 8 quarters, dropping from 4.21% in Q2 2022 to 1.71% in Q4 2023. The decreasing ROA may indicate inefficiencies in asset utilization or declining profitability relative to the value of its assets. It is crucial for the company to closely monitor and address the factors contributing to this trend to enhance its overall financial performance and value creation for shareholders. A thorough analysis of the company's operations, cost structure, and profitability drivers is warranted to identify opportunities for improvement in ROA.
Peer comparison
Dec 31, 2023