Consol Energy Inc (CEIX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 655,892 | 466,979 | 34,110 | -9,755 | 76,001 |
| Total assets | US$ in thousands | 2,675,000 | 2,704,380 | 2,573,520 | 2,523,370 | 2,693,800 |
| ROA | 24.52% | 17.27% | 1.33% | -0.39% | 2.82% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $655,892K ÷ $2,675,000K
= 24.52%
Consol Energy Inc's return on assets (ROA) has shown significant fluctuations over the past five years. In 2023, the company achieved an ROA of 24.52%, representing a substantial increase from the previous year's 17.27%. This indicates that the company generated $0.2452 in profit for every dollar of assets in 2023.
The ROA in 2021 was considerably lower at 1.33%, underscoring a decline in profitability and asset utilization compared to the recent years. Moreover, in 2020, Consol Energy Inc had a negative ROA of -0.39%, suggesting that the company experienced losses relative to its asset base.
The trend reversed in 2019, as the company managed to attain a positive ROA of 2.82%, signifying improved profitability and efficiency in asset utilization compared to the preceding year.
Overall, Consol Energy Inc's ROA has been volatile, with fluctuations reflecting changes in profitability and efficiency in utilizing assets over the years. It is evident that the company significantly improved its ROA in 2023, indicating a positive trend in generating returns from its asset base.
Peer comparison
Dec 31, 2023