Return on Assets (ROA)
since 2005
Calculation
Cummins Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to Cummins Inc.1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 2.30% | = | 100 | × | 735) | ÷ | 32,005) |
| Dec 31, 2022 | 7.10% | = | 100 | × | 2,151) | ÷ | 30,299) |
| Dec 31, 2021 | 8.99% | = | 100 | × | 2,131) | ÷ | 23,710) |
| Dec 31, 2020 | 7.91% | = | 100 | × | 1,789) | ÷ | 22,624) |
| Dec 31, 2019 | 11.45% | = | 100 | × | 2,260) | ÷ | 19,737) |
| Dec 31, 2018 | 11.23% | = | 100 | × | 2,141) | ÷ | 19,062) |
| Dec 31, 2017 | 5.53% | = | 100 | × | 999) | ÷ | 18,075) |
| Dec 31, 2016 | 9.29% | = | 100 | × | 1,394) | ÷ | 15,011) |
| Dec 31, 2015 | 9.24% | = | 100 | × | 1,399) | ÷ | 15,134) |
| Dec 31, 2014 | 10.47% | = | 100 | × | 1,651) | ÷ | 15,776) |
| Dec 31, 2013 | 10.07% | = | 100 | × | 1,483) | ÷ | 14,728) |
| Dec 31, 2012 | 13.11% | = | 100 | × | 1,645) | ÷ | 12,548) |
| Dec 31, 2011 | 15.84% | = | 100 | × | 1,848) | ÷ | 11,668) |
| Dec 31, 2010 | 10.00% | = | 100 | × | 1,040) | ÷ | 10,402) |
| Dec 31, 2009 | 4.85% | = | 100 | × | 428) | ÷ | 8,816) |
| Dec 31, 2008 | 8.86% | = | 100 | × | 755) | ÷ | 8,519) |
| Dec 31, 2007 | 9.02% | = | 100 | × | 739) | ÷ | 8,195) |
| Dec 31, 2006 | 9.58% | = | 100 | × | 715) | ÷ | 7,465) |
| Dec 31, 2005 | 7.99% | = | 100 | × | 550) | ÷ | 6,885) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
Cummins Inc., ROA, long-term trends, comparison to competitors
| Cummins Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | General Electric Co. | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 2.30% | -1.62% | 11.81% | 8.37% | 5.81% | 9.20% | 13.19% | 1.97% |
| Dec 31, 2022 | 7.10% | -3.60% | 8.18% | 7.03% | 0.12% | 7.97% | 10.84% | 3.27% |
| Dec 31, 2021 | 8.99% | -3.03% | 7.84% | 6.30% | -3.28% | 8.60% | 12.41% | 2.39% |
| Dec 31, 2020 | 7.91% | -7.80% | 3.83% | 4.43% | 2.25% | 7.40% | 13.47% | -2.17% |
| Dec 31, 2019 | 11.45% | -0.48% | 7.77% | 6.74% | -1.87% | 10.47% | 13.11% | 3.96% |
| Dec 31, 2018 | 11.23% | 8.91% | 7.83% | 6.90% | -7.23% | 11.71% | 11.24% | 3.93% |
| Dec 31, 2017 | 5.53% | 8.88% | 0.98% | 9.15% | -1.53% | 2.79% | 4.30% | 4.70% |
| Dec 31, 2016 | 9.29% | 5.44% | -0.09% | 6.32% | 2.42% | 8.88% | 11.09% | 5.64% |
| Dec 31, 2015 | 9.24% | 5.48% | 2.68% | 6.38% | -1.24% | 9.67% | 7.34% | 8.70% |
| Dec 31, 2014 | 10.47% | 5.49% | 4.36% | 5.35% | 2.35% | 9.33% | 9.75% | 6.81% |
| Dec 31, 2013 | 10.07% | 4.95% | 4.46% | 5.24% | 1.99% | 8.64% | 8.24% | 6.31% |
| Dec 31, 2012 | 13.11% | 4.39% | 6.36% | 3.39% | 1.99% | 6.99% | 7.10% | 5.74% |
| Dec 31, 2011 | 15.84% | 5.02% | 6.05% | 7.55% | 1.97% | 5.19% | 7.00% | 8.10% |
| Dec 31, 2010 | 10.00% | 4.82% | 4.22% | 5.38% | 1.55% | 5.34% | 8.34% | 7.48% |
| Dec 31, 2009 | 4.85% | 2.11% | 1.49% | 2.35% | 1.41% | 5.98% | 8.61% | 6.87% |
| Dec 31, 2008 | 8.86% | 4.97% | 5.25% | 6.35% | 2.18% | 7.87% | 9.62% | 8.30% |
| Dec 31, 2007 | 9.02% | 6.91% | 6.31% | 7.40% | 2.79% | 7.23% | 10.49% | 7.74% |
| Dec 31, 2006 | 9.58% | 4.28% | 6.95% | 8.32% | 2.99% | 6.73% | 8.96% | 7.92% |
| Dec 31, 2005 | 7.99% | 4.28% | 6.06% | 7.88% | 2.43% | 5.12% | 6.58% | 6.68% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Cummins Inc., ROA, long-term trends, comparison to sector (capital goods)
| Cummins Inc. | Capital Goods | |
|---|---|---|
| Dec 31, 2023 | 2.30% | 5.21% |
| Dec 31, 2022 | 7.10% | 2.84% |
| Dec 31, 2021 | 8.99% | 1.86% |
| Dec 31, 2020 | 7.91% | 0.80% |
| Dec 31, 2019 | 11.45% | 2.72% |
| Dec 31, 2018 | 11.23% | 1.74% |
| Dec 31, 2017 | 5.53% | 1.83% |
| Dec 31, 2016 | 9.29% | 4.09% |
| Dec 31, 2015 | 9.24% | 2.17% |
| Dec 31, 2014 | 10.47% | 3.87% |
| Dec 31, 2013 | 10.07% | 3.45% |
| Dec 31, 2012 | 13.11% | 3.30% |
| Dec 31, 2011 | 15.84% | 3.30% |
| Dec 31, 2010 | 10.00% | 2.70% |
| Dec 31, 2009 | 4.85% | 2.16% |
| Dec 31, 2008 | 8.86% | 3.33% |
| Dec 31, 2007 | 9.02% | 3.89% |
| Dec 31, 2006 | 9.58% | 3.91% |
| Dec 31, 2005 | 7.99% | 3.25% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Cummins Inc., ROA, long-term trends, comparison to industry (industrials)
| Cummins Inc. | Industrials | |
|---|---|---|
| Dec 31, 2023 | 2.30% | 5.61% |
| Dec 31, 2022 | 7.10% | 3.31% |
| Dec 31, 2021 | 8.99% | 3.40% |
| Dec 31, 2020 | 7.91% | 0.04% |
| Dec 31, 2019 | 11.45% | 2.56% |
| Dec 31, 2018 | 11.23% | 3.16% |
| Dec 31, 2017 | 5.53% | 3.59% |
| Dec 31, 2016 | 9.29% | 4.55% |
| Dec 31, 2015 | 9.24% | 3.52% |
| Dec 31, 2014 | 10.47% | 4.31% |
| Dec 31, 2013 | 10.07% | 3.91% |
| Dec 31, 2012 | 13.11% | 3.38% |
| Dec 31, 2011 | 15.84% | 3.69% |
| Dec 31, 2010 | 10.00% | 3.03% |
| Dec 31, 2009 | 4.85% | 2.24% |
| Dec 31, 2008 | 8.86% | 3.10% |
| Dec 31, 2007 | 9.02% | 3.87% |
| Dec 31, 2006 | 9.58% | 6.41% |
| Dec 31, 2005 | 7.99% | 1.42% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).