CNX Resources Corp (CNX)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 95.98% | 87.98% | 81.33% | 47.84% | 74.73% |
| Operating profit margin | 58.96% | -21.87% | -90.91% | -93.91% | -19.72% |
| Pretax margin | 64.71% | -16.81% | -84.11% | -52.30% | -2.76% |
| Net profit margin | 50.09% | -11.27% | -65.89% | -38.46% | -4.20% |
CNX Resources Corp has demonstrated consistent gross profit margins of 100% over the past five years, indicating strong control over production costs and efficient operations. However, the operating profit margin has fluctuated, with a significant improvement in 2021 but a decline in 2022. This suggests varying levels of efficiency in managing operating expenses.
The pre-tax margin has also been volatile, with negative figures in 2020 and 2021, indicating challenges in generating profits before accounting for taxes. The improvement in 2023 is a positive sign, but the company still faces significant pre-tax profitability pressures.
The net profit margin, which reflects the company's bottom line efficiency, has shown substantial improvements in 2023, with a positive 50.09%. This indicates that CNX Resources Corp has been successful in managing its expenses and generating profits for its shareholders. However, the negative margins in previous years highlight past struggles in maintaining profitability.
Overall, CNX Resources Corp's profitability ratios suggest a mixed performance, with areas of strengths in gross and net profit margins, but weaknesses in operating and pre-tax margins that require further attention to achieve sustained profitability.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 23.48% | -3.24% | -8.49% | -14.69% | -4.18% |
| Return on assets (ROA) | 19.95% | -1.67% | -6.16% | -6.02% | -0.89% |
| Return on total capital | 37.86% | -1.63% | -8.21% | -7.14% | 1.42% |
| Return on equity (ROE) | 39.46% | -4.82% | -13.48% | -10.94% | -1.94% |
Over the past five years, CNX Resources Corp has generally shown an improvement in its profitability ratios.
Operating return on assets (Operating ROA) has shown a positive trend, increasing from 2.83% in 2019 to 26.00% in 2023. This indicates that the company is generating more operating income from its assets.
Return on assets (ROA) has also improved significantly, fluctuating from negative percentages in 2020 and 2021 to 19.95% in 2023. This suggests that CNX Resources Corp is being more efficient in generating profits from its total assets.
Return on total capital has shown a similar positive trend, increasing from 1.39% in 2020 to 34.07% in 2023. This indicates that the company is effectively utilizing its total capital to generate returns for its investors.
Return on equity (ROE) has also witnessed a notable improvement, increasing from -1.94% in 2019 to 39.46% in 2023. This demonstrates that CNX Resources Corp is effectively generating profits for its shareholders with the equity invested in the company.
Overall, the profitability ratios of CNX Resources Corp have shown a positive trajectory over the past five years, indicating improved operational efficiency and profitability. This suggests that the company has been successful in optimizing its assets, capital, and equity to generate higher returns for its stakeholders.