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.