HF Sinclair Corp (DINO)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,202,564 | 3,107,025 | 3,363,325 | 4,325,629 | 4,054,252 | |||
| Total assets | US$ in thousands | 17,716,300 | 18,901,800 | 18,197,000 | 18,006,000 | 18,125,500 | 18,226,300 | 19,177,900 | 17,733,100 |
| Operating ROA | 12.43% | 16.44% | 18.48% | 24.02% | 22.37% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,202,564K ÷ $17,716,300K
= 12.43%
Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's ability to generate profits from its operating activities relative to its total assets. HF Sinclair Corp.'s Operating ROA has shown a fluctuating trend over the past eight quarters based on the provided data.
In Q4 2023, the Operating ROA was 12.43%, which was a decrease from the previous quarter Q3 2023 where it was 16.44%. Despite this decrease, the company's performance was still stronger compared to the earlier quarters of the year.
The highest point in the data is observed in Q1 2023, with an Operating ROA of 24.02%, indicating that the company was able to generate significant operating profits relative to its total assets during that period. This substantial increase from the preceding quarter could imply efficient asset utilization or increased profitability from operations.
Looking further back to Q1 and Q2 of 2022, the Operating ROA was comparatively lower, standing at 4.76% and 11.35% respectively. However, the trend started to pick up in the succeeding quarters, showing improvement in the company's ability to generate returns from its assets through operating activities.
Overall, the analysis of the Operating ROA for HF Sinclair Corp. suggests that the company has shown variability in its profitability performance over the past two years, with some quarters demonstrating more efficient utilization of assets to generate operating profits than others. Evaluating the trend over time can help identify periods of strength and weakness in the company's operational efficiency and profitability.