CVR Energy Inc (CVI)
Return on assets (ROA)
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 78,000 | 402,000 | 656,000 | 769,000 | 790,000 | 530,000 | 565,000 | 464,000 | 338,000 | 329,000 | 158,000 | 25,000 | -29,000 | -209,000 | -208,000 | -256,000 | -144,000 | 71,000 | 192,000 | 380,000 |
| Total assets | US$ in thousands | 4,263,000 | 3,878,000 | 4,093,000 | 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 |
| ROA | 1.83% | 10.37% | 16.03% | 16.34% | 17.87% | 12.57% | 13.43% | 11.26% | 8.04% | 7.04% | 3.64% | 0.64% | -0.75% | -5.50% | -4.97% | -6.44% | -3.72% | 1.81% | 4.65% | 9.73% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $78,000K ÷ $4,263,000K
= 1.83%
Based on the data provided, CVR Energy Inc's return on assets (ROA) exhibited some fluctuations over the reporting periods. Here is a breakdown of the ROA trends:
1. The ROA stood at 9.73% as of December 31, 2019, indicating a healthy return generated from its assets.
2. However, the ROA decreased to 4.65% by March 31, 2020, showing a decline in asset efficiency.
3. The trend continued to decline over the next few quarters, reaching a negative ROA of -3.72% by September 30, 2020, and further dropping to -6.44% by December 31, 2020.
4. The negative trend seems to have stabilized and gradually improved from March 31, 2021, onwards, with the ROA turning positive again.
5. By September 30, 2022, the ROA improved to 8.04%, indicating a better return on assets compared to the previous quarters.
6. The trend continued to improve significantly, with the ROA reaching 16.34% by December 31, 2023, and further increasing to 16.03% by March 31, 2024.
7. However, there was a slight decrease in ROA to 10.37% by September 30, 2024, before dropping to 1.83% by December 31, 2024.
Overall, CVR Energy Inc exhibited varying ROA figures over the reporting periods, showing fluctuations in asset efficiency. It is essential for investors and stakeholders to monitor these trends to evaluate the company's effectiveness in generating returns from its assets.
Peer comparison
Dec 31, 2024