Consol Energy Inc (CEIX)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 989,693 | 708,287 | 105,847 | 173,004 | 314,857 |
| Total assets | US$ in thousands | 2,675,000 | 2,704,380 | 2,573,520 | 2,523,370 | 2,693,800 |
| Operating ROA | 37.00% | 26.19% | 4.11% | 6.86% | 11.69% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $989,693K ÷ $2,675,000K
= 37.00%
Consol Energy Inc's operating return on assets (operating ROA) has shown varying trends over the past five years.
In 2019, the operating ROA was positive at 4.96%, indicating that the company generated a profit from its operations relative to its assets. This positive performance suggests operational efficiency and effective asset utilization during that year.
However, in 2020, the operating ROA turned negative at -4.42%, signifying that the company's operating income was insufficient to cover its asset base. This negative performance could suggest operational challenges or inefficiencies affecting profitability.
The company rebounded strongly in 2021, with the operating ROA improving to 3.89%, showing a return to profitability from its core operations. This recovery indicates that Consol Energy Inc made operational improvements to enhance its asset utilization and income generation.
The trend continued positively in 2022, with the operating ROA further increasing to 29.76%, reflecting a significant improvement in operational performance and asset efficiency. This sharp rise in operating ROA suggests sustainable profitability and effective management of assets.
In 2023, the operating ROA slightly decreased to 27.95%, still maintaining a strong profitability indicator. Despite the slight decline, Consol Energy Inc continued to generate healthy returns from its operating activities relative to its asset base.
Overall, the fluctuating performance of Consol Energy Inc's operating ROA indicates the company's ability to adapt to changing market conditions and improve operational efficiency over the years. The positive trend from 2020 onwards showcases the company's efforts in enhancing profitability and optimizing asset utilization.
Peer comparison
Dec 31, 2023