Celanese Corporation (CE)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -697,000 | 1,687,000 | 1,378,000 | 1,946,000 | 664,000 |
| Total assets | US$ in thousands | 22,857,000 | 26,597,000 | 26,272,000 | 11,975,000 | 10,909,000 |
| Operating ROA | -3.05% | 6.34% | 5.25% | 16.25% | 6.09% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-697,000K ÷ $22,857,000K
= -3.05%
Celanese Corporation's operating return on assets (ROA) has shown fluctuations over the years. At the end of 2020, the operating ROA stood at 6.09%, indicating that the company generated $0.0609 in operating income for every dollar of assets.
By the end of 2021, the operating ROA significantly increased to 16.25%, reflecting improved operational efficiency and profitability. This suggests that Celanese Corporation was able to generate a higher operating income relative to its assets invested during that period.
However, in 2022, the operating ROA declined to 5.25%, which may indicate a decrease in operational performance efficiency or a change in the asset base. Despite this dip, the company was still able to generate a positive return on its assets.
In 2023, Celanese Corporation's operating ROA saw a slight uptick to 6.34%, signaling a potential improvement in operational effectiveness compared to the previous year.
Unfortunately, by the end of 2024, the operating ROA turned negative at -3.05%, which raises concerns about the company's ability to generate operating income relative to its asset base. This negative operating ROA could be a result of operational challenges, asset write-offs, or other issues impacting the company's financial performance.
Overall, the fluctuating trend in Celanese Corporation's operating ROA suggests varying levels of operational efficiency and profitability over the analyzed period, with the need for further investigation into the factors influencing these changes.
Peer comparison
Dec 31, 2024