Compass Minerals International Inc (CMP)

Return on assets (ROA)

		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	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	-85,700	-59,300	15,500	10,500	-37,300	-27,800	-25,100	39,500	-167,000	-126,800	-124,900	-185,300	63,100	91,100	97,400	88,900	62,500	57,400	59,600	63,800
Total assets	US$ in thousands	1,652,100	1,805,300	1,818,000	1,732,600	1,784,700	1,764,700	1,643,500	1,577,000	1,647,200	1,693,100	1,972,500	668,300	2,261,500	2,157,800	2,085,800	2,110,800	2,443,200	2,329,800	2,320,900	2,308,600
ROA		-5.19%	-3.28%	0.85%	0.61%	-2.09%	-1.58%	-1.53%	2.50%	-10.14%	-7.49%	-6.33%	-27.73%	2.79%	4.22%	4.67%	4.21%	2.56%	2.46%	2.57%	2.76%

March 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-85,700K ÷ $1,652,100K
= -5.19%

The return on assets (ROA) for Compass Minerals International Inc has shown variability in recent quarters. The company's ROA was negative in the most recent quarter, indicating that the company's assets were not generating a positive return. This negative trend contrasts with the positive ROA recorded in the two preceding quarters, where the company was able to generate a return on its assets. It is worth noting that the ROA has fluctuated significantly over the past few years, with both positive and negative values observed. This volatility suggests that the company may be facing challenges in efficiently utilizing its assets to generate profits. Further analysis of the company's operational performance and asset management strategies may be warranted to understand the root causes behind these fluctuations in ROA.