Chemours Co (CC)
Return on assets (ROA)
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 87,000 | 69,000 | 116,000 | -330,000 | -237,000 | -308,000 | -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 |
Total assets | US$ in thousands | 7,515,000 | 7,463,000 | 7,249,000 | 7,978,000 | 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 |
ROA | 1.16% | 0.92% | 1.60% | -4.14% | -2.87% | -3.88% | -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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $87,000K ÷ $7,515,000K
= 1.16%
Chemours Co's return on assets (ROA) has exhibited fluctuations over the period under review. The ROA was negative for the first few quarters of 2020, indicating that the company was generating a net loss compared to its total assets. However, the ROA turned positive by the end of 2020 and continued to increase steadily through the first half of 2022, peaking at 11.72% in September 2022.
Subsequently, the ROA declined in the latter half of 2022 and throughout 2023, with negative values recorded in seven out of the eight quarters from June 2023 to December 2024. This suggests that the company's profitability relative to its assets decreased, possibly due to challenges faced by the business during this period.
In December 2024, the ROA showed a slight improvement, returning to a positive value of 1.16%. Overall, Chemours Co's ROA trend indicates periods of both profitability and challenges in generating returns from its assets, reflecting varying levels of efficiency and profitability in utilizing its asset base.
Peer comparison
Dec 31, 2024