Alpha Metallurgical Resources Inc (AMR)
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 | 721,956 | 766,620 | 925,623 | 1,318,425 | 1,448,545 | 1,485,310 | 1,315,757 | 722,609 | 288,790 | -68,808 | -220,709 | -440,019 | -446,899 | -487,687 | -487,582 | -362,942 | -316,319 | -18,836 | 61,590 | |
| Total assets | US$ in thousands | 2,406,060 | 2,352,960 | 2,357,830 | 2,349,120 | 2,312,480 | 2,259,850 | 2,216,150 | 2,113,000 | 1,857,710 | 1,675,950 | 1,662,780 | 1,671,640 | 1,680,090 | 1,923,120 | 2,040,240 | 2,291,920 | 2,302,820 | 2,669,890 | 2,779,790 | 2,756,050 |
| ROA | 30.01% | 32.58% | 39.26% | 56.12% | 62.64% | 65.73% | 59.37% | 34.20% | 15.55% | -4.11% | -13.27% | -26.32% | -26.60% | -25.36% | -23.90% | -15.84% | -13.74% | -0.71% | 2.22% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $721,956K ÷ $2,406,060K
= 30.01%
Alpha Metallurgical Resources Inc has shown varying levels of return on assets (ROA) over the past eight quarters, ranging from 30.01% to 65.73%. The ROA has generally been quite high, indicating the company's ability to generate profit from its assets.
There was a noticeable decrease in ROA in Q1 2023 compared to the previous quarter, dropping to 56.12% from 39.26%. However, this was followed by a significant increase in Q2 2023 to 39.26%, suggesting a possible temporary fluctuation.
Overall, Alpha Metallurgical Resources Inc has maintained a strong performance in terms of ROA, with highly profitable asset utilization compared to previous quarters. It would be beneficial to further assess the underlying factors contributing to these trends to evaluate the sustainability of these returns in the future.
Peer comparison
Dec 31, 2023