Chemours Co (CC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 86,000 | -238,000 | 578,000 | 608,000 | 219,000 |
| Total assets | US$ in thousands | 7,515,000 | 8,251,000 | 7,640,000 | 7,550,000 | 7,082,000 |
| ROA | 1.14% | -2.88% | 7.57% | 8.05% | 3.09% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $86,000K ÷ $7,515,000K
= 1.14%
The return on assets (ROA) for Chemours Co has fluctuated over the past five years, as indicated by the following data:
- December 31, 2020: 3.09%
- December 31, 2021: 8.05%
- December 31, 2022: 7.57%
- December 31, 2023: -2.88%
- December 31, 2024: 1.14%
In 2021, the company achieved a significant increase in ROA, reaching 8.05%, indicating that for every dollar of assets, the company generated 8.05 cents of net income. This suggests stronger operational efficiency and profitability compared to the prior year.
However, in 2023, Chemours Co experienced a notable decline in ROA to -2.88%, signifying a negative return on assets. This could point towards challenges in generating profits relative to the level of assets held by the company.
The ROA for 2020, 2022, and 2024 shows a more moderate performance, with values ranging between 1.14% and 3.09%, reflecting varying levels of asset utilization and profitability during those periods.
Overall, Chemours Co's ROA over the five-year period indicates fluctuations in the company's ability to generate profits from its assets efficiently. It would be important for the company to assess the factors influencing these fluctuations and work towards improving its operational performance and profitability ratio in the future.
Peer comparison
Dec 31, 2024