Chemours Co (CC)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 25,000 | -239,000 | 58,000 | 671,000 | 773,000 | 985,000 | 997,000 | 840,000 | 675,000 | 536,000 | 377,000 | 369,000 | 368,000 | 454,000 | 450,000 | 559,000 | 531,000 | 781,000 | 953,000 | 1,158,000 |
| Total assets | US$ in thousands | 8,251,000 | 7,948,000 | 7,660,000 | 7,624,000 | 7,640,000 | 7,745,000 | 7,730,000 | 7,524,000 | 7,550,000 | 7,530,000 | 7,479,000 | 7,170,000 | 7,082,000 | 6,948,000 | 7,034,000 | 6,948,000 | 7,258,000 | 7,456,000 | 7,433,000 | 7,325,000 |
| Operating ROA | 0.30% | -3.01% | 0.76% | 8.80% | 10.12% | 12.72% | 12.90% | 11.16% | 8.94% | 7.12% | 5.04% | 5.15% | 5.20% | 6.53% | 6.40% | 8.05% | 7.32% | 10.47% | 12.82% | 15.81% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $25,000K ÷ $8,251,000K
= 0.30%
The operating return on assets (operating ROA) for Chemours Co has shown fluctuations over the past 20 quarters.
The operating ROA was highest in the Dec 2019 quarter at 15.81% and lowest in the Sep 2023 quarter at -3.01%. The ROA decreased significantly from the Dec 2019 quarter to the Mar 2020 quarter but started to recover in the subsequent quarters.
From Sep 2022 to Mar 2023, the operating ROA showed a steady increase from 12.72% to 8.80%. This upward trend indicates improving operational efficiency and asset utilization during this period.
However, there was a significant decline in the operating ROA in the following quarter (Jun 2023) to 0.76%. This sharp drop may suggest challenges or inefficiencies in the company's operations during that specific period.
Overall, the operating ROA of Chemours Co has had its ups and downs, but it is essential for the company to consistently monitor and manage its operations to maintain a healthy return on assets.
Peer comparison
Dec 31, 2023