Consol Energy Inc (CEIX)
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 | 655,892 | 691,842 | 743,238 | 701,806 | 466,979 | 391,285 | 125,375 | 3,256 | 34,110 | -70,128 | 36,437 | 14,282 | -9,755 | -8,894 | 2,670 | 63,933 | 76,001 | 101,727 | 103,121 | 105,003 |
| 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 |
| ROA | 24.52% | 26.01% | 27.75% | 26.04% | 17.27% | 14.37% | 4.61% | 0.12% | 1.33% | -2.71% | 1.42% | 0.57% | -0.39% | -0.35% | 0.10% | 2.41% | 2.82% | 3.74% | 3.73% | 3.79% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $655,892K ÷ $2,675,000K
= 24.52%
Consol Energy Inc's return on assets (ROA) has shown a consistent positive trend over the past eight quarters. The ROA has significantly improved, peaking at 27.75% in Q2 2023 from a low of 0.12% in Q1 2022. This indicates that the company has been effective in generating profits relative to its total assets in recent quarters. The substantial increase in ROA suggests that Consol Energy Inc has been efficiently utilizing its assets to generate profits. The trend indicates improved operational efficiency and financial performance, reflecting positively on the company's management and strategies. Overall, the upward trend in ROA signals a healthy financial position and performance for Consol Energy Inc.
Peer comparison
Dec 31, 2023