Chemours Co (CC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -238,000 | 578,000 | 608,000 | 219,000 | -52,000 |
| Total assets | US$ in thousands | 8,251,000 | 7,640,000 | 7,550,000 | 7,082,000 | 7,258,000 |
| ROA | -2.88% | 7.57% | 8.05% | 3.09% | -0.72% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-238,000K ÷ $8,251,000K
= -2.88%
The return on assets (ROA) of Chemours Co has exhibited fluctuating trends over the past five years. In 2023, the ROA stands at -2.88%, indicating a negative return on the company's assets for that year. This represents a significant decline from the previous year's ROA of 7.57% in 2022.
The highest ROA in the provided data was observed in 2021 at 8.05%, signifying a strong performance in generating profits relative to the company's total assets. This marked an improvement from the ROA of 3.09% in 2020.
However, in 2019, the company experienced a negative ROA of -0.72%, indicating a loss relative to its assets for that year.
Overall, the trend in Chemours Co's ROA suggests that the company's ability to generate profits from its assets has been volatile over the past five years, with fluctuations in performance impacting its overall financial health. Further analysis of the company's operational efficiency and profitability drivers may provide additional insights into the factors influencing these ROA fluctuations.
Peer comparison
Dec 31, 2023