CNX Resources Corp (CNX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -224,887 | 2,025,250 | -275,849 | -688,018 | -1,181,410 |
| Total assets | US$ in thousands | 8,511,900 | 8,626,660 | 8,515,770 | 8,100,750 | 8,041,760 |
| Operating ROA | -2.64% | 23.48% | -3.24% | -8.49% | -14.69% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-224,887K ÷ $8,511,900K
= -2.64%
Operating Return on Assets (Operating ROA) calculates the company's ability to generate operating profits from its assets. Looking at the data provided for CNX Resources Corp, we observe the following trend:
1. December 31, 2020: CNX Resources Corp had a negative Operating ROA of -14.69%, indicating that the company generated operating losses relative to its assets during that period.
2. December 31, 2021: The negative trend continued with an Operating ROA of -8.49%, suggesting that the company's operating performance did not improve significantly from the previous year.
3. December 31, 2022: Although still negative, the Operating ROA improved to -3.24%, indicating some enhancement in the company's ability to generate operating profits from its assets.
4. December 31, 2023: The Operating ROA turned positive at 23.48%, signaling a significant improvement in CNX Resources Corp's operating efficiency and profitability relative to its asset base.
5. December 31, 2024: However, the positive trend did not continue, with the Operating ROA dropping back into the negative territory at -2.64%, albeit at a lower level compared to the earlier years.
Overall, the trend in CNX Resources Corp's Operating ROA indicates a period of financial difficulty followed by a substantial improvement in operating performance. However, the company experienced some setback in the most recent period. It is essential for investors and stakeholders to monitor the company's Operating ROA closely to assess its operational efficiency and profitability in relation to its asset utilization.
Peer comparison
Dec 31, 2024