Century Aluminum Company (CENX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -43,100 | -14,100 | -167,100 | -123,300 | -80,800 |
| Total assets | US$ in thousands | 1,846,500 | 1,472,000 | 1,569,900 | 1,399,600 | 1,499,700 |
| ROA | -2.33% | -0.96% | -10.64% | -8.81% | -5.39% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-43,100K ÷ $1,846,500K
= -2.33%
Century Aluminum Company's return on assets (ROA) has fluctuated over the past five years, ranging from -10.64% in 2021 to -0.96% in 2022. The negative ROA values indicate that the company is generating less profit relative to its total assets.
The sharp decrease in ROA from 2020 to 2021, down to -10.64%, suggests a significant decline in the company's ability to generate profit from its assets during that period. However, there was a slight improvement in 2022 with ROA increasing to -0.96%.
The most recent ROA figure for 2023 at -2.33% shows a decrease compared to the previous year, indicating a decline in the company's efficiency in generating profit from its assets.
Overall, Century Aluminum Company's ROA performance has been negative in recent years, which may raise concerns about its operational efficiency and profitability in utilizing its assets effectively.
Peer comparison
Dec 31, 2023