Cleveland-Cliffs Inc (CLF)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -754,000 | -462,000 | 44,000 | 389,000 | 399,000 | 340,000 | 228,000 | 477,000 | 1,335,000 | 2,442,000 | 3,564,000 | 3,748,000 | 2,988,000 | 2,159,000 | 875,000 | -29,000 | -122,000 | -122,600 | -21,700 | 263,100 |
| Total assets | US$ in thousands | 20,947,000 | 16,796,000 | 16,928,000 | 17,236,000 | 17,537,000 | 18,059,000 | 18,303,000 | 18,652,000 | 18,755,000 | 19,688,000 | 20,039,000 | 19,768,000 | 18,975,000 | 18,066,000 | 17,746,000 | 17,215,000 | 16,771,000 | 8,480,900 | 8,490,700 | 8,912,300 |
| ROA | -3.60% | -2.75% | 0.26% | 2.26% | 2.28% | 1.88% | 1.25% | 2.56% | 7.12% | 12.40% | 17.79% | 18.96% | 15.75% | 11.95% | 4.93% | -0.17% | -0.73% | -1.45% | -0.26% | 2.95% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-754,000K ÷ $20,947,000K
= -3.60%
Cleveland-Cliffs Inc's return on assets (ROA) has exhibited fluctuating trends over the analyzed period from March 2020 to December 2024. The ROA started positively at 2.95% in March 2020, then turned negative for the subsequent three quarters, indicating challenges in generating profits relative to its total assets during that period.
However, the company's ROA saw a marked improvement in June 2021, reaching 4.93%, and further increased significantly in the following quarters, reaching a peak of 18.96% in March 2022. This suggests that Cleveland-Cliffs Inc effectively utilized its assets to generate higher returns during this period.
Subsequently, the ROA started to decline, with fluctuations observed in the latter half of 2022 and 2023. From June 2023 to December 2024, the ROA remained generally low, with negative values recorded in the last two quarters.
Overall, the analysis indicates that Cleveland-Cliffs Inc experienced varying levels of efficiency in utilizing its assets to generate profits during the period under review. The company demonstrated both periods of strong asset performance and challenges in profitability, highlighting the fluctuations in its operational efficiency and financial performance.
Peer comparison
Dec 31, 2024