CF Industries Holdings Inc (CF)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,525,000 | 1,243,000 | 1,517,000 | 2,155,000 | 2,478,000 | 2,434,000 | 1,811,000 | 892,000 | 160,000 | 299,000 | 456,000 | 400,000 | 317,000 | 324,000 | 417,000 | 510,000 | 532,000 | 680,000 | 645,000 | 510,000 |
| 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 |
| ROA | 10.61% | 9.18% | 11.21% | 16.08% | 18.61% | 18.33% | 13.49% | 6.47% | 1.29% | 2.54% | 3.80% | 3.33% | 2.64% | 2.72% | 3.49% | 4.10% | 4.37% | 5.27% | 5.01% | 3.94% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,525,000K ÷ $14,376,000K
= 10.61%
CF Industries Holdings Inc's return on assets (ROA) has shown fluctuations over the past few quarters. In Q1 2022, the ROA was at a low of 11.96%, but it gradually increased in subsequent quarters, reaching a peak of 25.13% in Q4 2022. However, in the latest quarter, Q4 2023, the ROA dropped to 10.61%, indicating a decline in the company's efficiency in generating profits from its assets.
The company's ROA averaged at a relatively high level in the past year, which suggests that CF Industries Holdings Inc has been effectively utilizing its assets to generate profits. However, the recent downward trend in ROA may warrant further investigation into the factors contributing to the decline and the company's operational efficiency. The variability in ROA reflects the company's ability to manage its assets effectively and generate returns for its investors.
Peer comparison
Dec 31, 2023