CVR Energy Inc (CVI)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 13.77% | 10.37% | 3.01% | -4.81% | 11.03% |
| Operating profit margin | 12.14% | 8.84% | 1.20% | -8.47% | 9.11% |
| Pretax margin | 10.55% | 5.69% | 0.23% | -8.93% | 8.00% |
| Net profit margin | 8.32% | 4.25% | 0.35% | -6.51% | 5.97% |
CVR Energy Inc has shown improvement in its profitability ratios over the last five years. The gross profit margin has been gradually increasing, indicating better control over production costs and potentially higher pricing power. The operating profit margin has also been on an upward trend, reflecting improved efficiency in managing operating expenses.
Furthermore, the pretax margin has seen a consistent growth, indicating effective management of both operating and non-operating expenses. The net profit margin has shown a significant improvement, reaching a positive territory in the most recent year after experiencing losses in the past. This suggests that the company has successfully managed its overall expenses and has been able to generate higher profits from its operations.
Overall, the profitability ratios of CVR Energy Inc reflect a positive trend, demonstrating the company's efforts to enhance operational efficiency and profitability over the years.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 23.86% | 23.38% | 2.23% | -8.37% | 14.85% |
| Return on assets (ROA) | 16.34% | 11.24% | 0.64% | -6.44% | 9.73% |
| Return on total capital | 38.11% | 49.87% | 15.73% | -32.68% | 41.64% |
| Return on equity (ROE) | 90.79% | 87.19% | 4.52% | -25.12% | 27.28% |
CVR Energy Inc's profitability ratios have shown significant fluctuations over the past five years. The operating return on assets (Operating ROA) has generally been positive and improving, indicating the company's ability to generate operating profit from its assets. The ROA shows a similar trend, with the company demonstrating an ability to generate net income from its total assets.
The return on total capital has also shown variability, with a notable increase in 2023 compared to the previous year. This ratio reflects the company's efficiency in generating returns from both debt and equity capital.
The return on equity (ROE) has displayed considerable volatility, ranging from negative figures in 2020 to exceptionally high levels in 2023. ROE measures the company's profitability from the perspective of its equity shareholders, and the significant fluctuations in this ratio suggest changes in the company's ability to generate profits relative to its equity base.
Overall, while CVR Energy Inc's profitability ratios have shown improvement in recent years, the fluctuating trends indicate the company's exposure to various internal and external factors that can impact its financial performance. A comprehensive analysis of the underlying reasons behind these fluctuations would provide valuable insights into the company's financial health and operational efficiency.