CVR Energy Inc (CVI)
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 | 58,000 | 1,123,000 | 963,000 | 87,000 | -333,000 |
| Total assets | US$ in thousands | 4,263,000 | 4,707,000 | 4,119,000 | 3,906,000 | 3,978,000 |
| Operating ROA | 1.36% | 23.86% | 23.38% | 2.23% | -8.37% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $58,000K ÷ $4,263,000K
= 1.36%
The operating return on assets (operating ROA) for CVR Energy Inc has shown significant fluctuations over the past five years.
At the end of December 31, 2020, the operating ROA was negative at -8.37%, indicating that the company had challenges in generating operating income relative to its total assets.
However, by December 31, 2021, the operating ROA improved to 2.23%, signifying a positive shift in the company's profitability and efficiency in utilizing its assets to generate operating income.
The following year, as of December 31, 2022, CVR Energy Inc experienced a remarkable increase in operating ROA to 23.38%, highlighting a substantial improvement in operational performance and asset utilization.
This positive trend continued into December 31, 2023, with the operating ROA further increasing to 23.86%, indicating continued strong performance in generating operating income relative to its assets.
Nevertheless, by December 31, 2024, the operating ROA dropped to 1.36%, suggesting a slight decrease in the company's efficiency in utilizing its assets to generate operating income compared to the previous years.
In conclusion, while CVR Energy Inc has demonstrated variability in its operating ROA over the past five years, there have been notable periods of improvement in operational efficiency and profitability, with some fluctuations in performance observed.
Peer comparison
Dec 31, 2024