Crane NXT Co (CXT)
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 | 188,300 | 397,000 | 389,700 | 395,300 | 401,100 | 215,000 | 287,000 | 376,500 | 435,400 | 410,200 | 350,200 | 226,700 | 181,000 | 21,500 | 37,400 | 113,600 | 133,300 | 335,100 | 359,600 | 349,300 |
| Total assets | US$ in thousands | 2,129,400 | 2,094,100 | 2,195,000 | 4,336,000 | 2,129,400 | 4,132,400 | 4,499,100 | 4,353,200 | 4,486,600 | 4,474,500 | 4,423,200 | 4,586,500 | 4,615,000 | 4,623,000 | 4,630,300 | 4,464,600 | 4,423,700 | 4,158,500 | 4,141,800 | 4,142,300 |
| ROA | 8.84% | 18.96% | 17.75% | 9.12% | 18.84% | 5.20% | 6.38% | 8.65% | 9.70% | 9.17% | 7.92% | 4.94% | 3.92% | 0.47% | 0.81% | 2.54% | 3.01% | 8.06% | 8.68% | 8.43% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $188,300K ÷ $2,129,400K
= 8.84%
Crane NXT Co's return on assets (ROA) has shown a fluctuating trend over the analyzed period. ROA peaked at 18.96% in September 2023, indicating efficient asset utilization to generate profit. However, it dropped to 0.47% in December 2020, reflecting a significant decline in profitability relative to assets. The company's ROA has generally been above 5% since September 2020, suggesting a relatively healthy performance in generating earnings from its assets. Overall, Crane NXT Co should continue monitoring its ROA to ensure sustained profitability and efficient asset management.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
Crane NXT Co
CXT
8.84%
Barnes Group Inc
B
0.48%
Crane Company
CR
9.08%
Parker-Hannifin Corporation
PH
9.71%
Watts Water Technologies Inc
WTS
11.35%