HF Sinclair Corp (DINO)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 177,000 | 1,589,670 | 2,922,670 | 558,324 | -514,899 |
| Total assets | US$ in thousands | 16,643,000 | 17,716,300 | 18,125,500 | 12,916,600 | 11,506,900 |
| ROA | 1.06% | 8.97% | 16.12% | 4.32% | -4.47% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $177,000K ÷ $16,643,000K
= 1.06%
HF Sinclair Corp's return on assets (ROA) has exhibited significant fluctuations over the past five years. In December 2020, the company reported a negative ROA of -4.47%, indicating that its assets were not generating sufficient profits. However, by December 2021, the ROA had improved significantly to 4.32%, suggesting a better utilization of assets to generate profits.
The positive trend continued into December 2022, with the ROA reaching 16.12%, reflecting a substantial increase in the company's efficiency in generating earnings from its assets. However, there was a slight dip in the ROA by December 2023 to 8.97%, indicating a potential reduction in profitability relative to the previous year.
By December 2024, the company's ROA decreased further to 1.06%, signaling a significant decline in the company's ability to generate profits from its assets compared to the previous year. Overall, while HF Sinclair Corp has shown fluctuations in its ROA, demonstrating both improvements and declines, the company may need to focus on effectively managing its assets to consistently enhance profitability in the future.