Celanese Corporation (CE)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -619,000 | 1,045,000 | 1,639,000 | 1,653,000 | 1,687,000 | 1,484,000 | 1,091,000 | 1,239,000 | 1,519,000 | 1,980,000 | 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 |
| Total assets | US$ in thousands | 22,857,000 | 25,892,000 | 25,812,000 | 26,033,000 | 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 |
| Operating ROA | -2.71% | 4.04% | 6.35% | 6.35% | 6.34% | 5.81% | 4.25% | 4.75% | 5.78% | 9.28% | 16.26% | 17.31% | 16.25% | 14.09% | 11.41% | 7.40% | 6.09% | 5.42% | 6.36% | 7.42% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-619,000K ÷ $22,857,000K
= -2.71%
Operating return on assets (ROA) measures the efficiency of Celanese Corporation in generating operating profits relative to its total assets. Analyzing the trend in Celanese Corporation's operating ROA from March 2020 to December 2024 reveals fluctuations in the company's performance.
Celanese's operating ROA saw a gradual decline from March 2020 to September 2020, moving from 7.42% to 5.42%. However, there was a slight improvement by the end of December 2020, with the operating ROA increasing to 6.09%. The company's performance significantly improved in the first half of 2021, with the operating ROA reaching 11.41% in June 2021 and further increasing to 16.25% by the end of December 2021.
The positive trend continued into the first half of 2022, as Celanese achieved an operating ROA of 17.31% in March 2022, indicating strong operational performance. However, there was a notable decline in the company's operating ROA in the following quarters, dropping to 4.25% by June 2023. The decline continued, with the operating ROA reaching its lowest point of -2.71% by December 2024, indicating a significant decrease in profitability relative to its asset base.
Overall, the fluctuating trend in Celanese Corporation's operating ROA reflects varying levels of operational efficiency and profitability over the analyzed period. It is essential for the company to closely monitor and manage its operating performance to maintain sustainable profitability and optimize the utilization of its assets.
Peer comparison
Dec 31, 2024