CVR Energy Inc (CVI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 703,000 | 675,000 | 879,000 | 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 |
| ROE | 11.10% | 59.56% | 74.63% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $78,000K ÷ $703,000K
= 11.10%
CVR Energy Inc's return on equity (ROE) has exhibited significant fluctuations over the past few years. The ROE stood at a healthy 27.28% as of December 31, 2019, indicating strong profitability relative to shareholders' equity. However, there was a notable decline in the ROE to 15.67% as of March 31, 2020, and further dropped to 6.02% by June 30, 2020.
The trend reversed dramatically as of September 30, 2020, when the ROE turned negative to -13.28% and continued to decline reaching its lowest point at -43.27% as of June 30, 2021. This negative trend reflected challenges in generating profits relative to the equity invested in the company during this period.
From December 31, 2021, there was a gradual improvement in the ROE, turning positive at 4.52% and accelerating to 87.38% by December 31, 2022. This sharp rebound indicates a significant improvement in profitability and efficiency in utilizing shareholder's equity.
Subsequently, the ROE maintained a relatively high level, ranging from 74.63% as of March 31, 2024, to 11.10% as of December 31, 2024. These positive ROE figures suggest that the company has successfully managed its assets to generate profits and create value for its shareholders.
Overall, CVR Energy Inc's ROE has exhibited a volatile pattern but has shown a positive trajectory in recent periods, indicating improved profitability and efficiency in utilizing equity. Investors and stakeholders may find this trend reassuring as it demonstrates the company's ability to generate returns on the funds invested by shareholders.
Peer comparison
Dec 31, 2024