Warrior Met Coal Inc (HCC)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 254,889 | 392,654 | 461,289 | 480,824 | 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 |
| Total assets | US$ in thousands | 2,591,520 | 2,580,450 | 2,560,860 | 2,478,590 | 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 |
| Operating ROA | 9.84% | 15.22% | 18.01% | 19.40% | 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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $254,889K ÷ $2,591,520K
= 9.84%
Warrior Met Coal Inc's operating return on assets (operating ROA) has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The operating ROA started at a relatively high level of 17.87% on March 31, 2020, but decreased significantly over the subsequent quarters, reaching negative figures by December 31, 2020.
From December 31, 2020, the operating ROA continued to remain negative till June 30, 2021, indicating operational challenges or inefficiencies impacting the company's ability to generate profits from its assets during this period. However, there was a gradual improvement in the operating ROA from September 30, 2021, with positive values being recorded in the following quarters.
By December 31, 2022, Warrior Met Coal Inc's operating ROA had significantly improved, reaching 39.52%. The company's performance continued to strengthen through the first half of 2023, with operating ROA peaking at 41.86% on June 30, 2022. However, there was a slight decline in the subsequent quarters, though the operating ROA remained at relatively healthy levels.
Overall, Warrior Met Coal Inc's operating return on assets demonstrates a mix of challenges and successes in utilizing its assets to generate operating income. The company appears to have overcome earlier operational difficulties and made significant improvements in profitability from its asset base, as evidenced by the upward trend in operating ROA from late 2021 to mid-2023. It is important for stakeholders to monitor further changes in operating ROA to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024