Norwegian Cruise Line Holdings Ltd (NCLH)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 910,257 | 549,236 | 420,172 | 342,852 | 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 |
| Total assets | US$ in thousands | 19,969,800 | 19,786,000 | 20,113,800 | 19,825,200 | 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 |
| ROA | 4.56% | 2.78% | 2.09% | 1.73% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $910,257K ÷ $19,969,800K
= 4.56%
Norwegian Cruise Line Holdings Ltd has experienced fluctuations in its return on assets (ROA) over the quarters analyzed. The ROA was negative for most of the periods, indicating that the company was not efficiently utilizing its assets to generate profits.
The ROA started at -6.49% in March 2020 and continued to decline, reaching its lowest point of -24.06% by December 2021. This downward trend suggests potential financial challenges and inefficiencies in the company's operations during this period.
However, from March 2023 onwards, there was a significant improvement in ROA, with the percentage turning positive and gradually increasing. The positive trend in ROA from 2023 to 2024, ending at 4.56% in December 2024, indicates that Norwegian Cruise Line Holdings Ltd was able to enhance its asset utilization and profitability over these quarters.
Overall, Norwegian Cruise Line Holdings Ltd seems to have overcome its earlier challenges and improved its efficiency in generating profits from its assets. Monitoring future ROA trends will be crucial to assess the company's ongoing financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024