Warrior Met Coal Inc (HCC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 478,629 | 641,298 | 150,881 | -35,761 | 301,699 |
| Total assets | US$ in thousands | 2,357,060 | 2,028,100 | 1,464,210 | 1,393,940 | 1,344,260 |
| ROA | 20.31% | 31.62% | 10.30% | -2.57% | 22.44% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $478,629K ÷ $2,357,060K
= 20.31%
Warrior Met Coal Inc's return on assets (ROA) has shown fluctuating performance over the past five years. The ROA for the company was 20.31% in 2023, which decreased from the previous year's 31.62%. This decline indicates that the company's ability to generate profits from its assets decreased in 2023 compared to 2022.
Looking further back, in 2021, Warrior Met Coal Inc's ROA was 10.30%, which was lower than the 2020 and 2019 figures. The negative ROA of -2.57% in 2020 suggests that the company experienced a loss in that year when compared to its asset base.
The notable increase in ROA to 22.44% in 2019 shows a strong performance in utilizing assets to generate profits. Overall, the company's ROA has experienced fluctuations, indicating varying efficiency in generating profits from its total assets over the past five years. Further analysis and comparison with industry peers may provide additional insights into Warrior Met Coal Inc's operating efficiency and profitability.
Peer comparison
Dec 31, 2023