Royal Caribbean Cruises Ltd (RCL)

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	1,697,004	919,725	-56,387	-1,036,730	-2,155,960	-3,012,724	-4,470,242	-5,295,920	-5,260,500	-5,270,470	-5,192,680	-5,484,710	-5,797,470	-4,157,394	-1,927,394	184,726	1,878,887	1,921,454	1,848,605	1,842,070
Total assets	US$ in thousands	35,131,000	32,768,700	32,923,300	32,870,500	33,776,000	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	30,320,300	29,825,500	29,809,000	28,720,000
ROA		4.83%	2.81%	-0.17%	-3.15%	-6.38%	-9.00%	-13.17%	-16.08%	-16.31%	-16.13%	-15.41%	-15.97%	-17.86%	-13.06%	-5.79%	0.55%	6.20%	6.44%	6.20%	6.41%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,697,004K ÷ $35,131,000K
= 4.83%

Royal Caribbean Group's return on assets (ROA) has shown a positive trend in recent quarters, indicating improved efficiency in generating profits from its assets. The ROA increased from -16.08% in Q1 2022 to 4.83% in Q4 2023, reflecting a significant turnaround. Despite some fluctuations, such as the negative ROA in Q2 2023, the overall trend suggests that the company has been successful in utilizing its assets to generate earnings. The improving ROA signifies that Royal Caribbean Group has been effectively managing its assets to enhance profitability over the analyzed period.