Return on Assets (ROA)
since 2005
Calculation
Royal Caribbean Cruises Ltd., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to Royal Caribbean Cruises Ltd.1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | -16.31% | = | 100 | × | (5,260,499) | ÷ | 32,258,355) |
| Dec 31, 2020 | -17.86% | = | 100 | × | (5,797,462) | ÷ | 32,465,187) |
| Dec 31, 2019 | 6.20% | = | 100 | × | 1,878,887) | ÷ | 30,320,284) |
| Dec 31, 2018 | 6.54% | = | 100 | × | 1,811,042) | ÷ | 27,698,270) |
| Dec 31, 2017 | 7.29% | = | 100 | × | 1,625,133) | ÷ | 22,296,317) |
| Dec 31, 2016 | 5.75% | = | 100 | × | 1,283,388) | ÷ | 22,310,324) |
| Dec 31, 2015 | 3.18% | = | 100 | × | 665,783) | ÷ | 20,921,855) |
| Dec 31, 2014 | 3.69% | = | 100 | × | 764,146) | ÷ | 20,713,190) |
| Dec 31, 2013 | 2.36% | = | 100 | × | 473,692) | ÷ | 20,072,947) |
| Dec 31, 2012 | 0.09% | = | 100 | × | 18,287) | ÷ | 19,827,930) |
| Dec 31, 2011 | 3.07% | = | 100 | × | 607,421) | ÷ | 19,804,405) |
| Dec 31, 2010 | 2.78% | = | 100 | × | 547,467) | ÷ | 19,694,904) |
| Dec 31, 2009 | 0.89% | = | 100 | × | 162,421) | ÷ | 18,233,494) |
| Dec 31, 2008 | 3.48% | = | 100 | × | 573,722) | ÷ | 16,463,310) |
| Dec 31, 2007 | 4.03% | = | 100 | × | 603,405) | ÷ | 14,982,281) |
| Dec 31, 2006 | 4.73% | = | 100 | × | 633,922) | ÷ | 13,393,088) |
| Dec 31, 2005 | 6.36% | = | 100 | × | 715,956) | ÷ | 11,255,771) |
Based on: 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 thousands
The Return on Assets (ROA) exhibited significant volatility between 2005 and 2021, characterized by a period of gradual decline and recovery, a window of peak operational efficiency, and a subsequent severe financial contraction.
- Early Performance and Volatility (2005–2015)
- A sustained downward trend in ROA is observed from 2005, where it stood at 6.36%, falling to a low of 0.89% by 2009. This decline occurred while total assets expanded from approximately $11.26 billion to $18.23 billion, suggesting that asset growth outpaced net income generation during this period. Following 2009, the ratio showed signs of recovery, although instability persisted, most notably in 2012 when ROA dropped to 0.09% as net income fell to $18.29 million.
- Peak Operational Efficiency (2016–2019)
- A period of strengthened profitability began in 2016, with ROA climbing to 5.75% and reaching a peak of 7.29% in 2017. This trend was supported by a substantial increase in net income, which exceeded $1.8 billion between 2018 and 2019. Despite the asset base growing to over $30.3 billion by 2019, the ROA remained robust at 6.20%, indicating a high level of efficiency in utilizing assets to generate profit.
- Severe Financial Contraction (2020–2021)
- A precipitous decline in performance is evident in 2020, with ROA plunging to -17.86%. This shift was driven by a net loss of approximately $5.8 billion, the largest in the analyzed period. Although a slight improvement was noted in 2021, the ROA remained deeply negative at -16.31%. The data indicates that while the asset base remained large at approximately $32.26 billion, the company experienced a total reversal of its earnings capacity.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Royal Caribbean Cruises Ltd., ROA, long-term trends, comparison to competitors
| Royal Caribbean Cruises Ltd. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | -16.31% | -2.57% | 4.93% | 9.81% | -6.87% | 14.01% | 13.38% |
| Dec 31, 2020 | -17.86% | -43.70% | 0.27% | 5.95% | -7.26% | 8.99% | 3.16% |
| Dec 31, 2019 | 6.20% | — | 22.73% | 6.86% | — | 12.68% | 18.73% |
| Dec 31, 2018 | 6.54% | — | 17.62% | 7.79% | — | 18.06% | 18.70% |
| Dec 31, 2017 | 7.29% | — | 9.20% | 8.62% | — | 15.36% | 20.08% |
| Dec 31, 2016 | 5.75% | — | 10.76% | 1.13% | — | 15.11% | 19.66% |
| Dec 31, 2015 | 3.18% | — | 14.65% | 17.45% | — | 11.94% | 22.15% |
| Dec 31, 2014 | 3.69% | — | 16.21% | 17.49% | — | 13.88% | 19.23% |
| Dec 31, 2013 | 2.36% | — | 18.12% | 16.30% | — | 15.25% | 0.07% |
| Dec 31, 2012 | 0.09% | — | 21.61% | 16.66% | — | 15.44% | 16.84% |
| Dec 31, 2011 | 3.07% | — | 26.60% | 15.08% | — | 16.68% | 16.92% |
| Dec 31, 2010 | 2.78% | — | 18.15% | 15.96% | — | 15.47% | 14.81% |
| Dec 31, 2009 | 0.89% | — | 26.69% | 13.19% | — | 15.06% | 7.01% |
| Dec 31, 2008 | 3.48% | — | 14.40% | 9.48% | — | 15.15% | 5.56% |
| Dec 31, 2007 | 4.03% | — | 11.63% | 9.77% | — | 8.15% | 12.59% |
| Dec 31, 2006 | 4.73% | — | 6.74% | 6.86% | — | 12.21% | 12.74% |
| Dec 31, 2005 | 6.36% | — | 25.56% | 9.60% | — | 8.68% | 14.07% |
Based on: 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 (Consumer Services)
Royal Caribbean Cruises Ltd., ROA, long-term trends, comparison to sector (consumer services)
| Royal Caribbean Cruises Ltd. | Consumer Services | |
|---|---|---|
| Dec 31, 2021 | -16.31% | 9.37% |
| Dec 31, 2020 | -17.86% | 0.81% |
| Dec 31, 2019 | 6.20% | 15.92% |
| Dec 31, 2018 | 6.54% | 17.84% |
| Dec 31, 2017 | 7.29% | 14.00% |
| Dec 31, 2016 | 5.75% | 14.37% |
| Dec 31, 2015 | 3.18% | 14.62% |
| Dec 31, 2014 | 3.69% | 15.50% |
| Dec 31, 2013 | 2.36% | 12.90% |
| Dec 31, 2012 | 0.09% | 16.48% |
| Dec 31, 2011 | 3.07% | 17.53% |
| Dec 31, 2010 | 2.78% | 15.57% |
| Dec 31, 2009 | 0.89% | 14.40% |
| Dec 31, 2008 | 3.48% | 13.50% |
| Dec 31, 2007 | 4.03% | 8.95% |
| Dec 31, 2006 | 4.73% | 12.01% |
| Dec 31, 2005 | 6.36% | 9.60% |
Based on: 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 (Consumer Discretionary)
Royal Caribbean Cruises Ltd., ROA, long-term trends, comparison to industry (consumer discretionary)
| Royal Caribbean Cruises Ltd. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2021 | -16.31% | 7.99% |
| Dec 31, 2020 | -17.86% | 4.36% |
| Dec 31, 2019 | 6.20% | 5.57% |
| Dec 31, 2018 | 6.54% | 5.96% |
| Dec 31, 2017 | 7.29% | 4.05% |
| Dec 31, 2016 | 5.75% | 5.57% |
| Dec 31, 2015 | 3.18% | 6.25% |
| Dec 31, 2014 | 3.69% | 4.75% |
| Dec 31, 2013 | 2.36% | 5.52% |
| Dec 31, 2012 | 0.09% | 5.65% |
| Dec 31, 2011 | 3.07% | 9.48% |
| Dec 31, 2010 | 2.78% | 6.05% |
| Dec 31, 2009 | 0.89% | 4.67% |
| Dec 31, 2008 | 3.48% | 0.21% |
| Dec 31, 2007 | 4.03% | 2.85% |
| Dec 31, 2006 | 4.73% | 0.60% |
| Dec 31, 2005 | 6.36% | 3.80% |
Based on: 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).