MP Materials Corp (MP)
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 | -161,325 | -150,991 | -128,987 | -77,652 | -17,719 | 53,375 | 150,078 | 245,349 | 327,411 | 347,023 | 321,949 | 258,660 | 165,345 | 116,008 | 78,069 | -15,640 | -34,703 | -40,830 | -55,076 | 597 |
| Total assets | US$ in thousands | 2,333,560 | 2,300,290 | 2,364,330 | 2,354,040 | 2,393,100 | 2,322,220 | 2,289,440 | 2,281,100 | 2,237,790 | 2,189,160 | 2,101,240 | 1,987,210 | 1,889,670 | 1,849,450 | 1,817,960 | 1,782,530 | 1,074,290 | 157,187 | 147,604 | — |
| Operating ROA | -6.91% | -6.56% | -5.46% | -3.30% | -0.74% | 2.30% | 6.56% | 10.76% | 14.63% | 15.85% | 15.32% | 13.02% | 8.75% | 6.27% | 4.29% | -0.88% | -3.23% | -25.98% | -37.31% | — |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-161,325K ÷ $2,333,560K
= -6.91%
MP Materials Corp's operating return on assets (ROA) has shown a significant improvement over the analyzed period, starting from a negative 37.31% in June 2020 and gradually increasing to a peak of 15.85% in September 2022. This indicates that the company became more efficient in generating operating income relative to its total assets during this period. However, the operating ROA experienced a slight decline in the subsequent quarters, reaching a low of -6.91% in December 2024. Overall, the trend suggests that MP Materials Corp has gone through fluctuations in its operating profitability efficiency, possibly due to changes in operational performance and asset utilization.
Peer comparison
Dec 31, 2024