MP Materials Corp (MP)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | |||
| Total assets | US$ in thousands | 2,336,450 | 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 | 346,312 | 346,918 | 566 |
| ROA | 1.04% | 4.63% | 7.64% | 10.56% | 12.91% | 12.38% | 11.92% | 10.29% | 7.15% | 5.96% | 4.51% | -0.43% | -2.03% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $24,307K ÷ $2,336,450K
= 1.04%
The return on assets (ROA) of MP Materials Corporation has shown a declining trend over the past quarters. In Q4 2023, the ROA was at 1.04%, a significant decrease from the previous quarter's 4.63%. This suggests that the company's efficiency in generating profits from its assets has decreased. Compared to Q1 2023, where the ROA was at 10.56%, the current ROA is substantially lower. Additionally, the ROA has been on a downward trajectory since Q1 2022 when it was at 10.29%, with Q4 2022 showing the highest ROA at 12.91%. This may indicate potential challenges in asset management or declining profitability for MP Materials Corporation.
Peer comparison
Dec 31, 2023