Compass Minerals International Inc (CMP)

Return on assets (ROA)

		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	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
Net income (ttm)	US$ in thousands	-169,200	-89,200	-62,800	12,000	7,000	-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
Total assets	US$ in thousands	1,595,200	1,652,100	1,805,300	1,816,900	1,733,500	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
ROA		-10.61%	-5.40%	-3.48%	0.66%	0.40%	-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%

June 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-169,200K ÷ $1,595,200K
= -10.61%

Compass Minerals International Inc's return on assets (ROA) has displayed significant fluctuations over the periods analyzed, ranging from -27.73% in March 2021 to 4.67% in March 2020. The negative ROAs in some quarters indicate that the company's net income may not have been sufficient to cover its total assets during those periods.

The company's ROA showed improvement in the most recent quarters, with a positive ROA of 0.66% in September 2023 and -5.40% in March 2024. This suggests that the company may be more effectively utilizing its assets to generate profits in recent quarters compared to previous periods.

However, the inconsistency in ROA trends over time may indicate underlying challenges or changes in the company's profitability and asset management strategies. Investors and stakeholders should closely monitor Compass Minerals International Inc's ROA in conjunction with other financial metrics to assess its overall financial performance and sustainability.