Celanese Corporation (CE)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,687,000 | 1,484,000 | 950,000 | 1,098,000 | 1,378,000 | 1,839,000 | 2,067,000 | 2,151,000 | 1,946,000 | 1,632,000 | 1,280,000 | 796,000 | 664,000 | 529,000 | 605,000 | 708,000 | 834,000 | 1,025,000 | 1,139,000 | 1,311,000 |
| Total assets | US$ in thousands | 26,597,000 | 25,538,000 | 25,649,000 | 26,090,000 | 26,272,000 | 21,337,000 | 12,713,000 | 12,426,000 | 11,975,000 | 11,583,000 | 11,220,000 | 10,756,000 | 10,909,000 | 9,769,000 | 9,506,000 | 9,545,000 | 9,476,000 | 9,414,000 | 9,506,000 | 9,574,000 |
| Operating ROA | 6.34% | 5.81% | 3.70% | 4.21% | 5.25% | 8.62% | 16.26% | 17.31% | 16.25% | 14.09% | 11.41% | 7.40% | 6.09% | 5.42% | 6.36% | 7.42% | 8.80% | 10.89% | 11.98% | 13.69% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,687,000K ÷ $26,597,000K
= 6.34%
Celanese Corp's operating return on assets (operating ROA) has exhibited some variability over the past eight quarters. The operating ROA ranged from a high of 17.32% in Q1 2022 to a low of 3.77% in Q2 2023. The downward trend in operating ROA from Q1 2022 to Q2 2023 suggests a potential decline in the company's profitability relative to its asset base. It is noteworthy that the operating ROA was notably high in Q2 and Q3 of 2022, indicating strong operational efficiency during those periods. Further analysis would be required to understand the factors driving the fluctuations in Celanese Corp's operating ROA and to determine the implications for the company's overall financial performance and sustainability.
Peer comparison
Dec 31, 2023