Celanese Corporation (CE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,522,000 | 1,090,000 | 1,925,000 | 1,990,000 | 1,960,000 | 2,029,000 | 1,269,000 | 1,483,000 | 1,894,000 | 1,651,000 | 1,966,000 | 2,070,000 | 1,890,000 | 2,819,000 | 2,520,000 | 2,089,000 | 1,985,000 | 575,000 | 631,000 | 733,000 |
| 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 |
| ROA | -6.66% | 4.21% | 7.46% | 7.64% | 7.37% | 7.95% | 4.95% | 5.68% | 7.21% | 7.74% | 15.46% | 16.66% | 15.78% | 24.34% | 22.46% | 19.42% | 18.20% | 5.89% | 6.64% | 7.68% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-1,522,000K ÷ $22,857,000K
= -6.66%
Celanese Corporation's Return on Assets (ROA) fluctuated over the period analyzed. It started at a relatively stable level around 5-8% in 2020 and early 2021, but then experienced a significant increase to above 15% in the latter part of 2021 and early 2022. This surge in ROA indicates improved efficiency in generating profits from its assets.
However, the ROA declined steadily after reaching the peak, dropping to single digits by the end of 2023. In the last quarter of 2024, the ROA sharply decreased to a negative value of -6.66%, suggesting the company's assets were not utilized effectively to generate profits.
Overall, the trend in Celanese Corporation's ROA reflects a period of both improvement and decline in asset utilization efficiency, with a notable increase followed by a substantial decline towards the end of the period. Further analysis would be needed to understand the factors driving these fluctuations and their implications for the company's financial performance.
Peer comparison
Dec 31, 2024