Curtiss-Wright Corporation (CW)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 354,509 | 294,348 | 267,159 | 201,392 | 307,583 |
| Total assets | US$ in thousands | 4,620,970 | 4,448,300 | 4,103,540 | 4,021,330 | 3,764,260 |
| ROA | 7.67% | 6.62% | 6.51% | 5.01% | 8.17% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $354,509K ÷ $4,620,970K
= 7.67%
Curtiss-Wright Corp.'s return on assets (ROA) has exhibited fluctuations over the past five years. The ROA was 7.67% as of December 31, 2023, an increase from 6.62% in the previous year and 6.51% in 2021. This improvement indicates that the company generated more profit relative to its total assets invested during the period.
Comparing the 2023 ROA to historical data, the current figure represents a notable advancement from the 5.01% recorded in 2020 but falls short of the 8.17% achieved in 2019. The fluctuation in ROA suggests varying levels of efficiency in utilizing assets to generate income, reflecting changes in the company's operational performance and profitability.
Analyzing the trend, while the 2023 ROA is higher than the previous two years, it remains below the peak performance observed in 2019. This indicates that although the company has improved its asset utilization efficiency, further efforts may be necessary to reach or surpass previous levels of profitability relative to its asset base.
Peer comparison
Dec 31, 2023