Crane NXT Co (CXT)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 184,100 | 188,300 | 401,100 | 435,400 | 181,000 |
| Total assets | US$ in thousands | 2,386,500 | 2,129,400 | 4,390,200 | 4,486,600 | 4,588,900 |
| ROA | 7.71% | 8.84% | 9.14% | 9.70% | 3.94% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $184,100K ÷ $2,386,500K
= 7.71%
Crane NXT Co's return on assets (ROA) has shown positive trends over the past five years. Starting at 3.94% on December 31, 2020, the ROA has steadily increased to 9.70% by December 31, 2021. Although there was a slight dip to 9.14% on December 31, 2022, the company managed to maintain a respectable ROA. However, by December 31, 2024, the ROA decreased to 7.71%, indicating a decline in the company's efficiency in generating profits from its assets. Overall, Crane NXT Co's ROA performance demonstrates both periods of growth and slight setbacks, highlighting the importance of closely monitoring asset utilization to sustain profitable operations.
Peer comparison
Dec 31, 2024