Royal Caribbean Cruises Ltd (RCL)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,143,000 | 4,104,000 | 3,735,100 | 3,381,681 | 2,893,294 | 2,213,908 | 1,247,233 | 245,833 | -884,988 | -1,822,342 | -3,126,587 | -3,920,298 | -3,870,321 | -3,855,121 | -3,845,415 | -4,104,375 | -4,601,554 | -3,285,589 | -1,398,683 | 457,460 |
| Total assets | US$ in thousands | 37,070,000 | 37,067,000 | 36,974,000 | 35,190,000 | 35,131,000 | 32,768,700 | 32,923,300 | 32,870,500 | 33,776,400 | 33,464,200 | 33,943,200 | 32,940,000 | 32,258,400 | 32,665,600 | 33,692,000 | 34,347,100 | 32,465,200 | 31,828,800 | 33,306,500 | 33,445,100 |
| Operating ROA | 11.18% | 11.07% | 10.10% | 9.61% | 8.24% | 6.76% | 3.79% | 0.75% | -2.62% | -5.45% | -9.21% | -11.90% | -12.00% | -11.80% | -11.41% | -11.95% | -14.17% | -10.32% | -4.20% | 1.37% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,143,000K ÷ $37,070,000K
= 11.18%
Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's ability to generate profit from its operational assets. For Royal Caribbean Cruises Ltd, the trend of Operating ROA shows fluctuations over the quarters from March 31, 2020, to December 31, 2024.
Starting at 1.37% on March 31, 2020, the Operating ROA declined significantly in the following quarters, reaching a low of -14.17% by December 31, 2020. This negative trend continued through the first half of 2021, with Operating ROA hovering around -11% levels.
However, from March 31, 2023, there was a notable improvement in Operating ROA, signaling a positive shift in the company's operational efficiency. The ratio steadily increased from 0.75% on March 31, 2023, reaching 11.18% by December 31, 2024.
The overall improvement in Operating ROA indicates that Royal Caribbean Cruises Ltd has been able to enhance its operating performance and profitability relative to its asset base over time. This positive trend suggests that the company may have implemented strategic initiatives to optimize its asset utilization and operational efficiency, leading to better financial outcomes.
Peer comparison
Dec 31, 2024