CNX Resources Corp (CNX)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -90,494 | 568,115 | 523,956 | 1,017,172 | 1,720,716 | 2,381,311 | 1,932,858 | 1,491,260 | -142,076 | -686,343 | -1,132,192 | -1,519,608 | -498,642 | -933,197 | -264,974 | -56,664 | -483,775 | -950,941 | -630,705 | -322,479 |
| Total assets | US$ in thousands | 8,511,900 | 8,538,050 | 8,602,950 | 8,656,640 | 8,626,660 | 8,492,640 | 8,531,860 | 8,340,140 | 8,515,770 | 8,633,130 | 8,695,890 | 8,223,520 | 8,100,750 | 8,228,150 | 8,072,110 | 8,069,240 | 8,041,760 | 8,129,170 | 8,319,680 | 8,528,950 |
| ROA | -1.06% | 6.65% | 6.09% | 11.75% | 19.95% | 28.04% | 22.65% | 17.88% | -1.67% | -7.95% | -13.02% | -18.48% | -6.16% | -11.34% | -3.28% | -0.70% | -6.02% | -11.70% | -7.58% | -3.78% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-90,494K ÷ $8,511,900K
= -1.06%
CNX Resources Corp's return on assets (ROA) has shown significant fluctuations over the analyzed period. The ROA started with negative values in early 2020, reaching its lowest point in March 2022 at -18.48%. However, the company's ROA began to improve consistently thereafter, turning positive in March 2023 at 17.88%. The positive trend continued as the ROA increased to 28.04% by September 2023.
From September 2023 to June 2024, CNX Resources Corp's ROA saw a slight decline but remained generally positive. By the end of December 2024, the ROA decreased to 6.65%, indicating a moderate downturn compared to the previous quarter. The negative ROA observed in certain quarters prior to 2023 suggests operational inefficiencies or financial challenges faced by the company during those periods.
Overall, the recent positive ROA values from March 2023 to December 2024 indicate that CNX Resources Corp has been effectively utilizing its assets to generate profits, showcasing a potential turnaround in financial performance and efficiency. Monitoring future ROA trends will be crucial to assess the company's ongoing financial health and operational effectiveness.
Peer comparison
Dec 31, 2024