CVR Energy Inc (CVI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 409,000 | 370,000 | 300,000 |
| 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 |
| ROA | 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% | 10.32% | 9.66% | 7.74% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $769,000K ÷ $4,707,000K
= 16.34%
The return on assets (ROA) of CVR Energy Inc has shown an upward trend over the past eight quarters, indicating an improvement in the company's ability to generate profits from its assets. The ROA increased from 3.64% in Q1 2022 to 16.34% in Q4 2023. This significant improvement suggests that the company has become more efficient in utilizing its assets to generate earnings. The consistent growth in ROA reflects positively on the management's effectiveness in optimizing the company's asset base to generate profitability. Overall, the increasing trend in ROA signifies improved asset utilization and enhanced financial performance of CVR Energy Inc.
Peer comparison
Dec 31, 2023