Century Aluminum Company (CENX)
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 | -43,100 | -186,600 | -100,300 | -70,400 | -14,100 | 159,800 | 63,100 | -9,400 | -167,100 | -263,000 | -268,800 | -260,600 | -123,300 | -92,600 | -55,100 | -48,900 | -80,800 | -141,000 | -140,600 | -100,500 |
| 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 |
| ROA | -2.33% | -10.60% | -5.74% | -5.03% | -0.96% | 10.09% | 3.98% | -0.56% | -10.64% | -17.66% | -19.13% | -19.11% | -8.81% | -6.59% | -3.62% | -3.07% | -5.39% | -9.45% | -9.28% | -6.57% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-43,100K ÷ $1,846,500K
= -2.33%
Century Aluminum Company's return on assets (ROA) has been fluctuating over the past few years. For the most recent quarter, ending December 31, 2023, the ROA was -2.33%, indicating that the company generated a negative return on its assets. This follows a trend of negative ROA figures for the company, with the lowest ROA observed in September 2021 at -19.13%.
The negative ROA figures suggest that Century Aluminum Company may be struggling to efficiently utilize its assets to generate profits. The company experienced a substantial decline in ROA from positive figures in September 2022 and December 2022 to negative figures in the following quarters. This decline could be attributed to various factors such as operational inefficiencies, declining sales, or increasing costs.
Further analysis and scrutiny of Century Aluminum Company's financial performance, efficiency of operations, and asset management practices are recommended to identify areas for improvement and potentially enhance the company's profitability in the future.
Peer comparison
Dec 31, 2023