CVR Energy Inc (CVI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,000 | 769,000 | 463,000 | 25,000 | -256,000 |
| Total assets | US$ in thousands | 4,263,000 | 4,707,000 | 4,119,000 | 3,906,000 | 3,978,000 |
| ROA | 0.16% | 16.34% | 11.24% | 0.64% | -6.44% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $7,000K ÷ $4,263,000K
= 0.16%
Based on the provided data, the return on assets (ROA) for CVR Energy Inc has shown significant fluctuations over the past five years.
In December 31, 2020, the ROA was -6.44%, indicating that the company generated a negative return on its assets, which could be a concern for investors and stakeholders. However, there was a notable improvement in the following year, with the ROA increasing to 0.64%, suggesting a better utilization of assets to generate profits.
The trend continued positively in December 31, 2022, with an ROA of 11.24%, indicating a robust performance in generating profits relative to its assets. This was further improved in December 31, 2023, with an ROA of 16.34%, indicating a significant increase in profitability and efficiency in asset management.
However, in December 31, 2024, there was a sharp decline in ROA to 0.16%, which might signal a potential issue in asset utilization efficiency or profitability for the company. It is important for stakeholders to closely monitor this trend and assess the factors impacting the company's ability to generate returns on its assets.
Overall, the analysis of CVR Energy Inc's ROA highlights both positive and concerning trends in the company's asset utilization efficiency and profitability over the past five years, underscoring the importance of continuous monitoring and strategic management of assets to drive sustainable growth and value creation for the company.
Peer comparison
Dec 31, 2024