Norwegian Cruise Line Holdings Ltd (NCLH)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 930,911 | -1,551,760 | -2,552,350 | -3,484,140 | 1,178,080 |
| Total assets | US$ in thousands | 19,493,000 | 18,557,700 | 18,729,800 | 18,399,300 | 16,684,600 |
| Operating ROA | 4.78% | -8.36% | -13.63% | -18.94% | 7.06% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $930,911K ÷ $19,493,000K
= 4.78%
Norwegian Cruise Line Holdings Ltd's operating return on assets (operating ROA) has displayed fluctuations over the past five years. In 2023, the operating ROA stands at 4.78%, reflecting the company's ability to generate profits from its operational assets. However, it is important to note the negative operating ROA figures in 2022, 2021, and 2020, which indicate that the company was not efficiently utilizing its assets to generate operating income in those years. Notably, the significant negative operating ROA in 2021 and 2020 (-13.63% and -10.20% respectively) indicate potential inefficiencies or challenges faced by the company during those periods.
The positive operating ROA figure in 2019 (7.06%) suggests that Norwegian Cruise Line Holdings Ltd was able to effectively generate operating income relative to its assets in that year. Overall, the trend in the operating ROA ratios indicates variations in the company's operational performance and efficiency in utilizing its assets for generating profits over the five-year period. Further analysis of the underlying factors driving these fluctuations would be necessary to gain a deeper understanding of Norwegian Cruise Line Holdings Ltd's operational profitability.
Peer comparison
Dec 31, 2023