HF Sinclair Corp (DINO)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 261,000 | 2,202,570 | 4,054,250 | 262,098 | -188,450 |
| Total assets | US$ in thousands | 16,643,000 | 17,716,300 | 18,125,500 | 12,916,600 | 11,506,900 |
| Operating ROA | 1.57% | 12.43% | 22.37% | 2.03% | -1.64% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $261,000K ÷ $16,643,000K
= 1.57%
HF Sinclair Corp's operating return on assets (ROA) has fluctuated over the past few years.
As of December 31, 2020, the operating ROA was -1.64%, indicating that the company was experiencing a loss in its operating income relative to its assets. However, by December 31, 2021, the operating ROA improved to 2.03%, signaling a positive turnaround in the company's operational efficiency.
In the following year, December 31, 2022, HF Sinclair Corp experienced a significant increase in its operating ROA to 22.37%. This sharp rise suggests that the company was able to generate a higher operating income relative to its assets, possibly through improved operational performance or cost management.
By December 31, 2023, the operating ROA decreased to 12.43%, indicating a slight drop compared to the previous year but still at a healthy level. However, in the most recent year, as of December 31, 2024, the operating ROA declined to 1.57%, signaling a decrease in the company's operating efficiency or profitability.
Overall, HF Sinclair Corp's operating ROA has shown variability in performance over the years, with significant improvements in some periods and declines in others. It is essential for the company to focus on sustaining or improving its operating ROA to ensure efficient utilization of its assets and long-term profitability.