Celanese Corporation (CE)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,522,000 | 1,960,000 | 1,894,000 | 1,890,000 | 1,985,000 |
| Total assets | US$ in thousands | 22,857,000 | 26,597,000 | 26,272,000 | 11,975,000 | 10,909,000 |
| ROA | -6.66% | 7.37% | 7.21% | 15.78% | 18.20% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-1,522,000K ÷ $22,857,000K
= -6.66%
The return on assets (ROA) for Celanese Corporation has exhibited fluctuations over the years. In 2020, the ROA was at a robust 18.20%, indicating the company generated substantial earnings relative to its assets. However, in 2021, the ROA decreased to 15.78%, suggesting a slight decline in the efficiency of asset utilization.
Subsequently, in 2022, the ROA dropped further to 7.21%, signifying a significant reduction in profitability generated from the company's assets. The trend continued in 2023, with a slight uptick to 7.37%, but still indicating below-average performance in generating returns from assets.
Interestingly, in 2024, Celanese Corporation experienced a negative ROA of -6.66%. This negative ROA implies that the company's assets did not generate profits but instead incurred losses for the period. Overall, the declining trend in ROA from 2020 to 2024 highlights potential challenges in effectively utilizing assets to generate profitability, warranting further investigation and strategic analysis.
Peer comparison
Dec 31, 2024