Century Aluminum Company (CENX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 336,800 | -43,100 | -14,100 | -167,100 | -123,300 |
| Total assets | US$ in thousands | 1,939,400 | 1,846,500 | 1,472,000 | 1,569,900 | 1,399,600 |
| ROA | 17.37% | -2.33% | -0.96% | -10.64% | -8.81% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $336,800K ÷ $1,939,400K
= 17.37%
Century Aluminum Company's return on assets (ROA) has fluctuated over the past five years.
As of December 31, 2020, the company had an ROA of -8.81%, indicating that for every dollar of assets, the company generated a negative return. This negative ROA worsened in the following year, with the ROA decreasing to -10.64% by December 31, 2021.
However, there was a significant improvement in the company's performance by December 31, 2024, where Century Aluminum Company achieved a ROA of 17.37%. This positive ROA indicates that the company generated a return of 17.37% on its assets, reflecting a strong performance in utilizing its assets efficiently to generate profits.
Overall, Century Aluminum Company's ROA has shown volatility over the past five years, with periods of negative returns followed by a notable improvement in performance by the end of the period. It is important for the company to continue monitoring and optimizing its asset utilization to sustain and improve its overall financial performance.
Peer comparison
Dec 31, 2024