CF Industries Holdings Inc (CF)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,230,000 | 3,015,000 | 3,521,000 | 4,565,000 | 5,397,000 | 5,315,000 | 4,468,000 | 3,140,000 | 1,729,000 | 756,000 | 893,000 | 723,000 | 623,000 | 642,000 | 790,000 | 985,000 | 1,003,000 | 1,023,000 | 971,000 | 770,000 |
| Total assets | US$ in thousands | 14,376,000 | 13,543,000 | 13,537,000 | 13,398,000 | 13,313,000 | 13,280,000 | 13,423,000 | 13,782,000 | 12,375,000 | 11,766,000 | 12,007,000 | 12,011,000 | 12,023,000 | 11,931,000 | 11,950,000 | 12,441,000 | 12,172,000 | 12,902,000 | 12,863,000 | 12,942,000 |
| Operating ROA | 15.51% | 22.26% | 26.01% | 34.07% | 40.54% | 40.02% | 33.29% | 22.78% | 13.97% | 6.43% | 7.44% | 6.02% | 5.18% | 5.38% | 6.61% | 7.92% | 8.24% | 7.93% | 7.55% | 5.95% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,230,000K ÷ $14,376,000K
= 15.51%
CF Industries Holdings Inc operating return on assets (operating ROA) has shown fluctuating trends over the past eight quarters. In Q4 2023, the operating ROA stood at 15.64%, a decline from the previous quarter's 22.40%. This downward trend follows a general pattern of decreasing returns since the peak of 41.85% in Q4 2022. However, it's worth noting that the current operating ROA of 15.64% is still higher than the levels seen in Q2 and Q1 of 2022.
The variability in operating ROA over the past quarters may suggest changes in the company's efficiency in generating profits from its assets. The consistent decline since Q4 2022 could indicate potential challenges or shifts in the company's operations impacting its profitability. Further analysis of the company's financial performance and business operations would be necessary to understand the underlying reasons for these fluctuations in operating ROA.
Peer comparison
Dec 31, 2023