HF Sinclair Corp (DINO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,589,666 | 2,238,876 | 2,402,359 | 3,115,958 | 2,922,666 | |||
| 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 |
| ROA | 8.97% | 11.84% | 13.20% | 17.31% | 16.12% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,589,666K ÷ $17,716,300K
= 8.97%
ROA, or Return on Assets, measures a company's ability to generate earnings from its available assets. The ROA for HF Sinclair Corp. has exhibited fluctuation over the past eight quarters, ranging from a low of 3.17% in Q1 2022 to a high of 17.14% in Q1 2023.
In general, higher ROA percentages indicate greater efficiency in utilizing assets to generate profits, while lower percentages suggest lower profitability relative to assets.
The ROA trend for HF Sinclair Corp. shows substantial improvement from Q1 2022 to Q1 2023, indicating enhanced operational efficiency and potentially improved asset management during this period. The highest ROA of 17.14% in Q1 2023 implies that the company generated $0.171 in profit for every dollar of assets it possesses.
It is important to note the variability in ROA figures, which may be influenced by factors such as revenue growth, cost management, and asset utilization. Further analysis of the company's financial performance and operational strategies would provide deeper insights into the drivers behind these ROA fluctuations and help assess the company's overall financial health.