CVR Energy Inc (CVI)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	847,000	957,000	755,000	675,000	531,000	560,000	769,000	644,000	553,000	567,000	483,000	981,000	1,019,000	1,084,000	1,180,000	1,225,000	1,393,000	1,429,000	1,384,000	1,343,000
ROE		90.79%	82.55%	70.20%	83.70%	87.38%	60.36%	42.78%	24.53%	4.52%	-5.11%	-43.27%	-21.20%	-25.12%	-13.28%	6.02%	15.67%	27.28%	28.62%	26.73%	22.34%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $769,000K ÷ $847,000K
= 90.79%

CVR Energy Inc's return on equity (ROE) has shown fluctuations over the past eight quarters. The company experienced a significant increase in ROE in Q4 2023, reaching 90.79%, which indicates that for every dollar of shareholders' equity, the company generated a profit of $0.9079. This improvement follows a gradual upward trend in ROE since Q2 2023.

While this recent increase in ROE is positive, it is important to note that CVR Energy Inc's ROE has been volatile over the past two years, with fluctuations ranging from as low as 24.53% in Q1 2022 to as high as 90.79% in Q4 2023. This volatility suggests varying profitability and efficiency in the company's operations.

Overall, CVR Energy Inc's ROE performance indicates that the company has been able to generate strong returns for its shareholders, particularly in the most recent quarter. However, stakeholders should continue to closely monitor the company's financial performance to assess its long-term profitability and sustainability.