Par Pacific Holdings Inc (PARR)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 680,006 | 437,903 | -7,619 | -317,998 | 147,980 |
| Total assets | US$ in thousands | 3,863,950 | 3,280,650 | 2,570,250 | 2,133,860 | 2,700,560 |
| Operating ROA | 17.60% | 13.35% | -0.30% | -14.90% | 5.48% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $680,006K ÷ $3,863,950K
= 17.60%
The operating return on assets (operating ROA) for Par Pacific Holdings Inc has shown variance over the past five years. In 2023, the operating ROA was at 18.68%, representing a notable increase from the previous year's 13.45%. This improvement indicates that the company generated more operating income relative to its total assets in 2023 compared to 2022.
Looking further back, in 2021, the company's operating ROA was negative at -2.74%, reflecting that the company's operating income was insufficient to cover its asset base during that period. This negative performance improved significantly in 2022 and further rebounded in 2023.
In 2020, Par Pacific Holdings Inc experienced a significantly lower operating ROA of -13.05%, indicating a substantial decline and potential operational challenges faced by the company. However, in 2019, the operating ROA was positive at 2.33%, implying that the company was able to generate operating profits relative to its asset base during that year.
Overall, Par Pacific Holdings Inc's operating ROA trend highlights fluctuations in the company's operational efficiency and profitability in utilizing its assets to generate operating income. The positive improvement in 2023 compared to previous years suggests better asset utilization and operational performance by the company, which is a positive sign for its financial health and efficiency.
Peer comparison
Dec 31, 2023