CVR Energy Inc (CVI)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,122,000 | 1,236,000 | 894,000 | 1,072,000 | 962,000 | 766,000 | 838,000 | 442,000 | 87,000 | -81,000 | -302,000 | -334,000 | -334,000 | -138,000 | 67,000 | 285,000 | 580,000 | 635,000 | 640,000 | 556,000 |
| Total assets | US$ in thousands | 4,707,000 | 4,421,000 | 4,217,000 | 4,208,000 | 4,119,000 | 4,206,000 | 4,671,000 | 4,345,000 | 3,906,000 | 3,872,000 | 3,798,000 | 4,188,000 | 3,978,000 | 3,876,000 | 3,928,000 | 4,125,000 | 3,905,000 | 3,962,000 | 3,830,000 | 3,874,000 |
| Operating ROA | 23.84% | 27.96% | 21.20% | 25.48% | 23.36% | 18.21% | 17.94% | 10.17% | 2.23% | -2.09% | -7.95% | -7.98% | -8.40% | -3.56% | 1.71% | 6.91% | 14.85% | 16.03% | 16.71% | 14.35% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,122,000K ÷ $4,707,000K
= 23.84%
To analyze CVR Energy Inc's operating return on assets (ROA) over the past eight quarters, we observe fluctuations in the ratio. The operating ROA has displayed variability, ranging from a low of 10.24% in Q1 2022 to a high of 28.23% in Q3 2023. Notably, there was a steady increase in the operating ROA from Q1 2022 through Q3 2023, indicating improved operating efficiency and asset utilization during these quarters. However, in Q4 2023, there was a slight decrease in the operating ROA compared to the previous quarter.
Overall, the operating ROA performance of CVR Energy Inc reflects positive trends and demonstrates the company's ability to generate operating income relative to its assets. Investors and stakeholders may find this analysis useful in evaluating the company's operational efficiency and profitability over the specified period.
Peer comparison
Dec 31, 2023