Century Aluminum Company (CENX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 694,400 | 601,500 | 601,500 | 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 |
| ROE | 48.50% | 38.62% | 40.28% | -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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $336,800K ÷ $694,400K
= 48.50%
Century Aluminum Company's return on equity (ROE) has exhibited volatility over the examined period. From December 2019 to September 2021, the ROE figures were predominantly negative, reflecting challenges in generating profits relative to shareholders' equity. Notably, the ROE reached its lowest point in September 2021 at -82.14%, indicating significant underperformance.
However, a notable improvement in ROE is observed from June 2022 onwards, with positive figures recorded consistently until December 2024. This turnaround suggests that the company has enhanced its ability to generate profit from shareholders' equity, reaching a peak ROE of 48.50% by December 2024.
The improved ROE figures post-2021 may indicate that Century Aluminum Company has implemented strategic initiatives to boost profitability and efficiency. Investors and analysts may view this positive trend favorably as it demonstrates the company's ability to effectively utilize shareholder funds to generate returns. Nonetheless, continued monitoring of ROE performance will be essential to assess the sustainability of this positive trajectory.
Peer comparison
Dec 31, 2024