Century Aluminum Company (CENX)
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 | 31,800 | -27,900 | -55,200 | -204,000 | -150,200 | -69,200 | 22,600 | 184,200 | 66,000 | 2,300 | -75,900 | -113,000 | -80,500 | -70,200 | -57,500 | -48,800 | -72,200 | -137,700 | -128,100 | -90,300 |
| Total assets | US$ in thousands | 1,846,500 | 1,761,000 | 1,747,300 | 1,399,100 | 1,472,000 | 1,583,600 | 1,585,000 | 1,688,700 | 1,569,900 | 1,489,200 | 1,405,400 | 1,363,400 | 1,399,600 | 1,405,400 | 1,524,000 | 1,591,100 | 1,499,700 | 1,491,800 | 1,515,300 | 1,530,400 |
| Operating ROA | 1.72% | -1.58% | -3.16% | -14.58% | -10.20% | -4.37% | 1.43% | 10.91% | 4.20% | 0.15% | -5.40% | -8.29% | -5.75% | -5.00% | -3.77% | -3.07% | -4.81% | -9.23% | -8.45% | -5.90% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $31,800K ÷ $1,846,500K
= 1.72%
Operating return on assets (ROA) measures a company's ability to generate operating profits from its assets. Century Aluminum Company's operating ROA has fluctuated over the past few quarters, ranging from -14.58% in the first quarter of 2023 to 10.91% in the first quarter of 2022.
The negative operating ROA figures indicate that in certain quarters, Century Aluminum Company's operating profits were insufficient to cover the assets employed in the business. This could be a result of high operating expenses or underperformance in generating revenues from assets.
The positive operating ROA figures, such as the 10.91% in the first quarter of 2022, suggest that the company was able to generate healthy operating profits relative to its asset base during that period.
Overall, the trend in Century Aluminum Company's operating ROA indicates fluctuations in the company's operational efficiency and profitability in utilizing its assets to generate operating income. It would be important for investors and stakeholders to closely monitor this ratio to assess the company's financial health and operational performance.
Peer comparison
Dec 31, 2023