Warrior Met Coal Inc (HCC)
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 | 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 541,406 | 525,458 | 542,143 | 824,235 | 801,424 | 868,076 | 794,884 | 419,523 | 243,753 | 21,715 | -44,056 | -46,557 | -27,139 | 34,710 | 103,836 | 257,112 | 383,394 | 516,541 | 524,661 | 477,812 |
| Total assets | US$ in thousands | 2,357,060 | 2,219,250 | 2,244,080 | 2,150,990 | 2,028,100 | 1,935,280 | 1,898,920 | 1,643,350 | 1,464,210 | 1,344,610 | 1,347,080 | 1,379,990 | 1,393,940 | 1,391,010 | 1,397,190 | 1,439,170 | 1,344,260 | 1,349,580 | 1,290,480 | 1,400,000 |
| Operating ROA | 22.97% | 23.68% | 24.16% | 38.32% | 39.52% | 44.86% | 41.86% | 25.53% | 16.65% | 1.61% | -3.27% | -3.37% | -1.95% | 2.50% | 7.43% | 17.87% | 28.52% | 38.27% | 40.66% | 34.13% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $541,406K ÷ $2,357,060K
= 22.97%
Warrior Met Coal Inc's operating return on assets (operating ROA) has displayed some fluctuations over the past eight quarters. The trend indicates a gradual decline in operating ROA from 47.51% in Q3 2022 to 23.32% in Q4 2023. Despite this decline, the company has maintained relatively strong operating ROA figures throughout this period, with values consistently above 20%.
The highest operating ROA value observed was in Q3 2022 at 47.51%, signifying the company's efficient utilization of its assets to generate operating income during that period. However, there has been a general downward trend in operating ROA since then, with occasional spikes such as the 39.72% in Q1 2023 and 41.27% in Q4 2022.
Overall, Warrior Met Coal Inc's operating ROA performance suggests that the company has been effectively managing its assets to generate operating income. However, the recent decline in operating ROA warrants further analysis to identify potential factors influencing this trend and assess the company's operating efficiency and profitability.
Peer comparison
Dec 31, 2023