Chemours Co (CC)
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 | -237,000 | -316,000 | -88,000 | 489,000 | 578,000 | 908,000 | 882,000 | 747,000 | 609,000 | 395,000 | 257,000 | 215,000 | 219,000 | -117,000 | -117,000 | -45,000 | -51,000 | 408,000 | 607,000 | 792,000 |
| 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 |
| ROA | -2.87% | -3.98% | -1.15% | 6.41% | 7.57% | 11.72% | 11.41% | 9.93% | 8.07% | 5.25% | 3.44% | 3.00% | 3.09% | -1.68% | -1.66% | -0.65% | -0.70% | 5.47% | 8.17% | 10.81% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-237,000K ÷ $8,251,000K
= -2.87%
Chemours Co's return on assets (ROA) has shown variability over the most recent quarters, ranging from -3.98% to 11.72%. The ROA was negative in some quarters, indicating that the company's net income was insufficient to cover its total assets. However, in quarters with positive ROA figures, the company generated a reasonable return on its assets.
The trend of ROA shows a decline from peaks in late 2022, wherein the ROA exceeded 10%, to negative figures in 2023. This downward trend suggests potential challenges in efficiently utilizing assets to generate profits or controlling costs relative to the asset base.
Overall, the negative ROA figures raise concerns about the company's profitability and asset management efficiency. Investors and stakeholders may seek further insights into the company's strategic initiatives and operational performance to address these issues and improve ROA in the future.
Peer comparison
Dec 31, 2023