MP Materials Corp (MP)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -65,424 | -59,341 | -38,101 | 3,349 | 24,307 | 107,573 | 175,026 | 240,900 | 289,004 | 270,986 | 250,572 | 204,469 | 135,037 | 110,162 | 82,026 | -7,631 | -21,825 | -44,902 | -56,717 | 472 |
| 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 | — |
| ROA | -2.80% | -2.58% | -1.61% | 0.14% | 1.02% | 4.63% | 7.64% | 10.56% | 12.91% | 12.38% | 11.92% | 10.29% | 7.15% | 5.96% | 4.51% | -0.43% | -2.03% | -28.57% | -38.43% | — |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-65,424K ÷ $2,333,560K
= -2.80%
The return on assets (ROA) for MP Materials Corp fluctuated significantly over the analyzed period. From negative values in late 2020 to mid-2021, the ROA improved consistently thereafter, peaking at 12.91% by the end of December 2022. However, this positive trend reversed in the following periods, dipping into negative territory by the end of 2024.
The ROA serves as a key indicator of the company's efficiency in generating profits from its total assets. Analyzing this metric over time can provide insights into management's effectiveness in utilizing company resources to generate earnings.
It is important for stakeholders to closely monitor these fluctuations in ROA to understand the company's financial performance and operational efficiency. Further analysis and comparison with industry benchmarks would help in gaining a more comprehensive understanding of MP Materials Corp's financial health and competitiveness.
Peer comparison
Dec 31, 2024