Crane NXT Co (CXT)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 188,300 | 204,900 | 435,400 | 181,000 | 133,300 |
| Total assets | US$ in thousands | 2,129,400 | 2,129,400 | 4,486,600 | 4,615,000 | 4,423,700 |
| ROA | 8.84% | 9.62% | 9.70% | 3.92% | 3.01% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $188,300K ÷ $2,129,400K
= 8.84%
Crane NXT Co's return on assets (ROA) has shown an increasing trend over the past five years, with a ROA of 8.84% in 2023, compared to 9.62% in 2022, and 9.70% in 2021. This indicates that the company has been more efficient in generating profits relative to its total assets during these years. The substantial improvement in ROA from 3.92% in 2020 to 9.70% in 2021 demonstrates the company's enhanced asset utilization. The ROA of 3.01% in 2019, which is the lowest among the five years, indicates a lower profitability relative to its total assets back then. Overall, the upward trend in ROA suggests that Crane NXT Co has been effectively managing its assets to generate returns for its stakeholders.
Peer comparison
Dec 31, 2023