Arch Resources Inc (ARCH)
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 | 464,038 | 819,623 | 926,939 | 1,257,149 | 1,330,913 | 1,087,048 | 995,184 | 615,487 | 337,573 | 32,442 | -248,168 | -325,358 | -344,615 | -274,641 | 23,595 | 135,759 | 233,799 | 328,444 | 344,867 | 325,333 |
| Total assets | US$ in thousands | 2,484,170 | 2,365,860 | 2,386,900 | 2,432,660 | 2,433,110 | 2,319,860 | 2,313,650 | 2,150,880 | 2,117,160 | 1,930,950 | 1,794,950 | 1,774,160 | 1,722,470 | 1,653,340 | 1,802,390 | 1,857,510 | 1,867,760 | 1,934,600 | 1,889,530 | 1,863,200 |
| ROA | 18.68% | 34.64% | 38.83% | 51.68% | 54.70% | 46.86% | 43.01% | 28.62% | 15.94% | 1.68% | -13.83% | -18.34% | -20.01% | -16.61% | 1.31% | 7.31% | 12.52% | 16.98% | 18.25% | 17.46% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $464,038K ÷ $2,484,170K
= 18.68%
The return on assets (ROA) of Arch Resources Inc has shown significant fluctuations over the past five years. The ROA has been generally positive, indicating the company's ability to generate profit from its assets.
The ROA reached its peak in March 2023 at 51.68%, reflecting strong profitability relative to the assets employed during that period. This was followed by a slight decline in the subsequent quarters, with ROA ranging from 38.83% to 34.64% in the third and second quarters of 2023, respectively.
In earlier periods, such as December 2022 and September 2022, the ROA was also relatively high, showing consistent profitability. However, there were instances of negative ROA in the first half of 2021, with the lowest ROA reported as -20.01% in March 2021. These negative values indicate that the company's assets were not generating sufficient profits during those time frames.
Overall, the trend in ROA for Arch Resources Inc has been positive in recent quarters, suggesting efficient asset utilization and profitability improvements. However, it is essential for the company to maintain this trend to ensure sustained financial health.
Peer comparison
Dec 31, 2023