Century Aluminum Company (CENX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 355,600 | 333,400 | 372,900 | 362,400 | 399,300 | 516,600 | 479,000 | 439,800 | 421,000 | 320,200 | 370,400 | 408,300 | 546,100 | 592,400 | 648,700 | 673,800 | 675,000 | 689,900 | 709,400 | 728,100 |
| ROE | -12.12% | -55.97% | -26.90% | -19.43% | -3.53% | 30.93% | 13.17% | -2.14% | -39.69% | -82.14% | -72.57% | -63.83% | -22.58% | -15.63% | -8.49% | -7.26% | -11.97% | -20.44% | -19.82% | -13.80% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-43,100K ÷ $355,600K
= -12.12%
Century Aluminum Company's return on equity (ROE) has shown considerable volatility over the past few quarters. The ROE figures have fluctuated significantly, ranging from positive to negative values.
The company reported negative ROE figures in most recent quarters, with particularly low ROE in past quarters. This downward trend in ROE could signal profitability challenges impacting the company's ability to generate returns for its shareholders.
The negative ROE values in recent quarters, especially the significant decline in the most recent quarter, could indicate potential issues related to the company's earnings performance, capital structure, or overall operational efficiency. Investors may view negative ROE unfavorably as it suggests that the company is not utilizing its equity effectively to generate profits.
Further analysis is recommended to understand the specific factors driving the fluctuations in Century Aluminum Company's ROE and to assess the company's financial health and performance more comprehensively.
Peer comparison
Dec 31, 2023