Century Aluminum Company (CENX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 694,400 | 355,600 | 399,300 | 421,000 | 546,100 |
| ROE | 48.50% | -12.12% | -3.53% | -39.69% | -22.58% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $336,800K ÷ $694,400K
= 48.50%
Century Aluminum Company's return on equity (ROE) has shown considerable volatility over the past five years. The ROE was negative in December 31, 2020 and December 31, 2021, indicating that the company was not generating positive returns for shareholders relative to its equity base during those periods.
In December 31, 2022, the ROE improved significantly to -3.53%, which suggests the company's profitability and efficiency in generating returns from shareholders' equity started to show signs of improvement.
However, in December 31, 2023, the ROE declined again to -12.12%, indicating a setback in the company's ability to generate profits from its equity base.
Notably, in December 31, 2024, the ROE surged to 48.50%, indicating a substantial improvement compared to the previous years and a potentially strong performance in generating returns for shareholders relative to the equity invested.
Overall, Century Aluminum Company's ROE has exhibited fluctuating performance over the years, with a mix of negative and positive figures. It is important for investors and stakeholders to closely monitor the company's financial performance and profitability trends to assess its long-term sustainability and growth prospects.
Peer comparison
Dec 31, 2024