CNX Resources Corp (CNX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -90,494 | 1,720,720 | -142,077 | -498,643 | -483,775 |
| Total assets | US$ in thousands | 8,511,900 | 8,626,660 | 8,515,770 | 8,100,750 | 8,041,760 |
| ROA | -1.06% | 19.95% | -1.67% | -6.16% | -6.02% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-90,494K ÷ $8,511,900K
= -1.06%
Based on the provided data, CNX Resources Corp's return on assets (ROA) fluctuated significantly over the past five years. In December 2020 and December 2021, the company experienced negative ROA figures of -6.02% and -6.16%, indicating that the company was not effectively utilizing its assets to generate profits during those periods.
However, there was a notable improvement in the company's performance in December 2023, where the ROA surged to 19.95%, signaling a significant increase in the company's profitability relative to its asset base.
Despite this positive momentum in 2023, CNX Resources Corp's ROA dropped again in December 2024 to -1.06%, suggesting a decline in the company's ability to generate profits from its assets compared to the previous year.
Overall, CNX Resources Corp's ROA showed considerable volatility over the five-year period, reflecting fluctuations in the company's efficiency in utilizing its assets to generate returns.
Peer comparison
Dec 31, 2024