Consol Energy Inc (CEIX)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 988,337 | 1,031,051 | 1,087,312 | 1,005,010 | 681,374 | 592,843 | 235,461 | 63,020 | 155,781 | 21,914 | 224,688 | 228,621 | 158,600 | 203,799 | 207,935 | 284,494 | 342,825 | 359,798 | 358,216 | 381,246 |
| Total assets | US$ in thousands | 2,675,000 | 2,659,520 | 2,678,350 | 2,695,310 | 2,704,380 | 2,722,280 | 2,720,490 | 2,714,960 | 2,573,520 | 2,589,750 | 2,557,930 | 2,520,560 | 2,523,370 | 2,554,840 | 2,566,130 | 2,653,470 | 2,693,800 | 2,723,240 | 2,765,470 | 2,767,040 |
| Operating ROA | 36.95% | 38.77% | 40.60% | 37.29% | 25.20% | 21.78% | 8.66% | 2.32% | 6.05% | 0.85% | 8.78% | 9.07% | 6.29% | 7.98% | 8.10% | 10.72% | 12.73% | 13.21% | 12.95% | 13.78% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $988,337K ÷ $2,675,000K
= 36.95%
Consol Energy Inc's operating return on assets (ROA) has shown a positive trend over recent quarters, indicating improving operational efficiency and profit generation from its assets. The operating ROA has increased steadily from 9.26% in Q1 2022 to 33.07% in Q1 2023, with fluctuations in between. This upward trend suggests that the company is effectively utilizing its assets to generate operating income. Consol Energy Inc's performance in Q2 and Q3 2023 stands out with operating ROA values of 32.59% and 30.09%, respectively, indicating strong operational performance during those periods.
Overall, the increasing trend in operating ROA reflects the company's ability to efficiently generate profits relative to its asset base, which can be a positive indicator of financial health and operational effectiveness. However, it is essential to examine other factors and metrics in conjunction with operating ROA to gain a comprehensive understanding of Consol Energy Inc's financial performance and sustainability.
Peer comparison
Dec 31, 2023