Norwegian Cruise Line Holdings Ltd (NCLH)

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	166,178	-209,817	-851,079	-1,446,516	-2,269,909	-3,360,149	-3,910,640	-4,119,108	-4,506,584	-3,672,797	-3,504,278	-3,501,732	-4,012,512	-3,152,282	-2,024,332	-1,068,899	930,228	963,565	983,359	969,845
Total assets	US$ in thousands	19,493,000	19,251,800	18,648,200	18,350,700	18,557,700	18,950,900	19,113,200	19,255,500	18,729,800	18,730,000	18,526,600	18,973,800	18,399,300	17,402,000	17,528,100	16,462,500	16,684,600	15,938,900	15,966,000	15,761,100
ROA		0.85%	-1.09%	-4.56%	-7.88%	-12.23%	-17.73%	-20.46%	-21.39%	-24.06%	-19.61%	-18.91%	-18.46%	-21.81%	-18.11%	-11.55%	-6.49%	5.58%	6.05%	6.16%	6.15%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $166,178K ÷ $19,493,000K
= 0.85%

Norwegian Cruise Line Holdings Ltd has experienced fluctuating returns on assets (ROA) over the past eight quarters, as evidenced by the data provided. The ROA ranged from a low of -21.39% in Q1 2022 to a peak of 0.85% in Q4 2023. The negative ROA figures in several quarters suggest that the company's assets have not been effectively utilized to generate profits during those periods.

The gradual improvement in ROA from Q1 2022 to Q4 2023 is a positive trend, indicating potential signs of recovery and efficiency in asset utilization. However, it is essential for the company to sustain this upward trajectory to enhance overall profitability and financial performance. Further analysis and comparison with industry benchmarks may provide additional insights into the company's competitive position and operational efficiency.