Norwegian Cruise Line Holdings Ltd (NCLH)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,465,910 | 930,911 | -1,551,760 | -2,552,350 | -3,484,140 |
| Total assets | US$ in thousands | 19,969,800 | 19,493,000 | 18,557,700 | 18,729,800 | 18,399,300 |
| Operating ROA | 7.34% | 4.78% | -8.36% | -13.63% | -18.94% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,465,910K ÷ $19,969,800K
= 7.34%
The operating return on assets (operating ROA) for Norwegian Cruise Line Holdings Ltd has shown a fluctuating trend over the past five years. Starting at a negative rate of -18.94% on December 31, 2020, it improved slightly to -13.63% by December 31, 2021. Subsequently, there was a further increase in operating ROA to -8.36% by December 31, 2022.
The company's operating ROA turned positive in the following years, reaching 4.78% by December 31, 2023, and further improving to 7.34% by December 31, 2024. This upward trend suggests that Norwegian Cruise Line Holdings Ltd has become more efficient in generating operating income relative to its total assets in recent years.
However, it is important to note that even with the positive trend, the company's operating ROA still remains relatively low compared to industry benchmarks. Further analysis would be required to understand the specific factors driving these changes and to assess the company's overall operational performance and asset utilization.
Peer comparison
Dec 31, 2024