Return on Assets (ROA)
since 2005
Calculation
Carnival Corp. & plc, ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Nov 30, 2023 | -0.15% | = | 100 | × | (74) | ÷ | 49,120) |
| Nov 30, 2022 | -11.78% | = | 100 | × | (6,093) | ÷ | 51,703) |
| Nov 30, 2021 | -17.81% | = | 100 | × | (9,501) | ÷ | 53,344) |
| Nov 30, 2020 | -19.10% | = | 100 | × | (10,236) | ÷ | 53,593) |
| Nov 30, 2019 | 6.64% | = | 100 | × | 2,990) | ÷ | 45,058) |
| Nov 30, 2018 | 7.43% | = | 100 | × | 3,152) | ÷ | 42,401) |
| Nov 30, 2017 | 6.39% | = | 100 | × | 2,606) | ÷ | 40,778) |
| Nov 30, 2016 | 7.14% | = | 100 | × | 2,779) | ÷ | 38,936) |
| Nov 30, 2015 | 4.60% | = | 100 | × | 1,757) | ÷ | 38,237) |
| Nov 30, 2014 | 3.13% | = | 100 | × | 1,236) | ÷ | 39,532) |
| Nov 30, 2013 | 2.69% | = | 100 | × | 1,078) | ÷ | 40,104) |
| Nov 30, 2012 | 3.31% | = | 100 | × | 1,298) | ÷ | 39,161) |
| Nov 30, 2011 | 4.95% | = | 100 | × | 1,912) | ÷ | 38,637) |
| Nov 30, 2010 | 5.28% | = | 100 | × | 1,978) | ÷ | 37,490) |
| Nov 30, 2009 | 4.86% | = | 100 | × | 1,790) | ÷ | 36,835) |
| Nov 30, 2008 | 6.98% | = | 100 | × | 2,330) | ÷ | 33,400) |
| Nov 30, 2007 | 7.04% | = | 100 | × | 2,408) | ÷ | 34,181) |
| Nov 30, 2006 | 7.46% | = | 100 | × | 2,279) | ÷ | 30,552) |
| Nov 30, 2005 | 7.94% | = | 100 | × | 2,257) | ÷ | 28,432) |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).
1 US$ in millions
- Net Income (Loss)
- The net income demonstrated a generally positive trend from 2005 to 2019, with an increase from $2,257 million in 2005 to a peak of $3,152 million in 2018, followed by a slight decline to $2,990 million in 2019. Significant volatility appears starting in 2020, marked by a sharp decline to a loss of $10,236 million, continuing with large losses of $9,501 million in 2021 and $6,093 million in 2022. By 2023, the net loss substantially narrowed to $74 million, indicating some recovery from the previous years' declines.
- Total Assets
- Total assets showed steady growth from $28,432 million in 2005 to a peak of $53,593 million in 2020. After this peak, total assets decreased slightly, reaching $49,120 million by 2023. This general expansion over the period until 2020 suggests an asset growth strategy, although the recent reduction may indicate asset disposals or impairments influenced by operational challenges in recent years.
- Return on Assets (ROA)
- ROA followed a declining trend from 7.94% in 2005 to 6.64% in 2019, with some fluctuations but an overall decrease in asset profitability. The metric turned sharply negative starting in 2020, dropping to -19.1%, then slightly improving but remaining deeply negative at -17.81% in 2021 and -11.78% in 2022. By 2023, ROA approached near breakeven at -0.15%, paralleling the narrowing net losses. This indicates a severe decline in efficiency and asset profitability during the 2020-2022 period, likely reflecting extraordinary disruptions, followed by a tentative recovery toward profitability.
Comparison to Competitors
Carnival Corp. & plc, ROA, long-term trends, comparison to competitors
| Carnival Corp. & plc | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|
| Nov 30, 2023 | -0.15% | 23.21% | 17.62% | 15.27% | 15.08% | 14.01% |
| Nov 30, 2022 | -11.78% | 11.80% | 12.06% | 12.98% | 12.25% | 11.73% |
| Nov 30, 2021 | -17.81% | -2.57% | 4.93% | 9.81% | 14.01% | 13.38% |
| Nov 30, 2020 | -19.10% | -43.70% | 0.27% | 5.95% | 8.99% | 3.16% |
| Nov 30, 2019 | 6.64% | — | 22.73% | 6.86% | 12.68% | 18.73% |
| Nov 30, 2018 | 7.43% | — | 17.62% | 7.79% | 18.06% | 18.70% |
| Nov 30, 2017 | 6.39% | — | 9.20% | 8.62% | 15.36% | 20.08% |
| Nov 30, 2016 | 7.14% | — | 10.76% | 1.13% | 15.11% | 19.66% |
| Nov 30, 2015 | 4.60% | — | 14.65% | 17.45% | 11.94% | 22.15% |
| Nov 30, 2014 | 3.13% | — | 16.21% | 17.49% | 13.88% | 19.23% |
| Nov 30, 2013 | 2.69% | — | 18.12% | 16.30% | 15.25% | 0.07% |
| Nov 30, 2012 | 3.31% | — | 21.61% | 16.66% | 15.44% | 16.84% |
| Nov 30, 2011 | 4.95% | — | 26.60% | 15.08% | 16.68% | 16.92% |
| Nov 30, 2010 | 5.28% | — | 18.15% | 15.96% | 15.47% | 14.81% |
| Nov 30, 2009 | 4.86% | — | 26.69% | 13.19% | 15.06% | 7.01% |
| Nov 30, 2008 | 6.98% | — | 14.40% | 9.48% | 15.15% | 5.56% |
| Nov 30, 2007 | 7.04% | — | 11.63% | 9.77% | 8.15% | 12.59% |
| Nov 30, 2006 | 7.46% | — | 6.74% | 6.86% | 12.21% | 12.74% |
| Nov 30, 2005 | 7.94% | — | 25.56% | 9.60% | 8.68% | 14.07% |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).
Comparison to Sector (Consumer Services)
Carnival Corp. & plc, ROA, long-term trends, comparison to sector (consumer services)
| Carnival Corp. & plc | Consumer Services | |
|---|---|---|
| Nov 30, 2023 | -0.15% | 16.52% |
| Nov 30, 2022 | -11.78% | 12.08% |
| Nov 30, 2021 | -17.81% | 10.22% |
| Nov 30, 2020 | -19.10% | 1.24% |
| Nov 30, 2019 | 6.64% | 15.92% |
| Nov 30, 2018 | 7.43% | 17.84% |
| Nov 30, 2017 | 6.39% | 14.00% |
| Nov 30, 2016 | 7.14% | 14.37% |
| Nov 30, 2015 | 4.60% | 14.62% |
| Nov 30, 2014 | 3.13% | 15.50% |
| Nov 30, 2013 | 2.69% | 12.90% |
| Nov 30, 2012 | 3.31% | 16.48% |
| Nov 30, 2011 | 4.95% | 17.53% |
| Nov 30, 2010 | 5.28% | 15.57% |
| Nov 30, 2009 | 4.86% | 14.40% |
| Nov 30, 2008 | 6.98% | 13.50% |
| Nov 30, 2007 | 7.04% | 8.95% |
| Nov 30, 2006 | 7.46% | 12.01% |
| Nov 30, 2005 | 7.94% | 9.60% |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).
Comparison to Industry (Consumer Discretionary)
Carnival Corp. & plc, ROA, long-term trends, comparison to industry (consumer discretionary)
| Carnival Corp. & plc | Consumer Discretionary | |
|---|---|---|
| Nov 30, 2023 | -0.15% | 7.66% |
| Nov 30, 2022 | -11.78% | 4.94% |
| Nov 30, 2021 | -17.81% | 8.07% |
| Nov 30, 2020 | -19.10% | 4.42% |
| Nov 30, 2019 | 6.64% | 5.57% |
| Nov 30, 2018 | 7.43% | 5.96% |
| Nov 30, 2017 | 6.39% | 4.05% |
| Nov 30, 2016 | 7.14% | 5.57% |
| Nov 30, 2015 | 4.60% | 6.25% |
| Nov 30, 2014 | 3.13% | 4.75% |
| Nov 30, 2013 | 2.69% | 5.52% |
| Nov 30, 2012 | 3.31% | 5.65% |
| Nov 30, 2011 | 4.95% | 9.48% |
| Nov 30, 2010 | 5.28% | 6.05% |
| Nov 30, 2009 | 4.86% | 4.67% |
| Nov 30, 2008 | 6.98% | 0.21% |
| Nov 30, 2007 | 7.04% | 2.85% |
| Nov 30, 2006 | 7.46% | 0.60% |
| Nov 30, 2005 | 7.94% | 3.80% |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).