Celanese Corporation (CE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 852,000 | 908,000 | 1,046,000 | 1,181,000 |
| 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 |
| ROA | 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% | 8.99% | 9.65% | 11.00% | 12.34% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,960,000K ÷ $26,597,000K
= 7.37%
To analyze Celanese Corp's return on assets (ROA), we observe fluctuations in the ROA over the past eight quarters.
The trend indicates a decline in ROA from the high levels seen in Q2 and Q1 of 2022, where the ROA stood at 15.46% and 16.66% respectively. This was followed by a decrease in Q4 2022 to 7.21%.
The ROA continued to decrease in Q1 2023 to 5.68% but rebounded slightly in Q2 2023 to 4.95%. However, the most recent data shows a further increase in Q3 and Q4 2023 to 7.95% and 7.37% respectively.
This fluctuation in ROA indicates varying levels of efficiency in generating profit from the company's assets over the analyzed period. It would be prudent to further investigate the reasons behind these fluctuations to assess the company's long-term financial performance.
Peer comparison
Dec 31, 2023