Century Aluminum Company (CENX)
Return on assets (ROA)
| Dec 31, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 336,800 | 232,300 | 242,300 | -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 |
| Total assets | US$ in thousands | 1,939,400 | 1,805,200 | 1,849,900 | 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 |
| ROA | 17.37% | 12.87% | 13.10% | -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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $336,800K ÷ $1,939,400K
= 17.37%
Century Aluminum Company's return on assets (ROA) has shown significant fluctuations over the past few years. The ROA was negative for most of 2019 through mid-2022, indicating that the company's profitability in relation to its assets was weak during this period.
However, there was a notable improvement in the ROA starting from the second half of 2022. The ROA turned positive in June 2022, showing a promising sign of profitability. The trend continued to strengthen in the following quarters up to December 2024, reaching a peak of 17.37%.
The positive trend in ROA suggests that Century Aluminum Company has been able to generate better returns from its assets, indicating improved efficiency and profitability in utilizing its resources. This improvement in ROA could be attributed to various factors such as cost management, operational efficiency, or strategic initiatives implemented by the company.
Overall, the positive turnaround in Century Aluminum Company's ROA from mid-2022 to the end of 2024 reflects a potentially positive trajectory for the company's financial performance and value creation.
Peer comparison
Dec 31, 2024