Par Pacific Holdings Inc (PARR)
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 | -33,322 | 311,697 | 475,626 | 487,001 | 728,642 | 524,037 | 620,018 | 739,130 | 364,189 | 287,556 | 101,962 | -156,121 | -81,297 | -221,301 | -317,374 | -248,976 | -409,086 | -241,729 | -311,349 | -242,620 |
| Total assets | US$ in thousands | 3,829,370 | 3,853,280 | 3,936,950 | 3,771,680 | 3,863,950 | 3,888,750 | 3,609,970 | 3,327,430 | 3,280,650 | 3,107,100 | 3,245,340 | 2,920,440 | 2,570,250 | 2,521,000 | 2,524,380 | 2,502,470 | 2,133,860 | 2,272,410 | 2,224,800 | 2,140,920 |
| ROA | -0.87% | 8.09% | 12.08% | 12.91% | 18.86% | 13.48% | 17.18% | 22.21% | 11.10% | 9.25% | 3.14% | -5.35% | -3.16% | -8.78% | -12.57% | -9.95% | -19.17% | -10.64% | -13.99% | -11.33% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-33,322K ÷ $3,829,370K
= -0.87%
Par Pacific Holdings Inc's return on assets (ROA) has displayed significant fluctuations over the past few years. The company experienced negative ROA figures in the range of -11.33% to -19.17% from March 2020 to December 2021. However, there was a turnaround in performance starting from March 2022, with ROA turning positive and steadily increasing to 12.08% by June 2024.
The improvement in ROA indicates that Par Pacific Holdings Inc has become more efficient in generating profits relative to its total assets. The upward trend suggests that the company's asset utilization and profitability have been gradually strengthening, which could be attributed to better operational efficiency, cost management, strategic investments, or other factors.
It is essential for stakeholders to monitor this trend closely to ensure that the positive trajectory in ROA is sustainable and in line with the company's overall financial objectives. Additionally, further analysis of the underlying factors driving the improvements in ROA would provide deeper insights into Par Pacific Holdings Inc's performance and future prospects.
Peer comparison
Dec 31, 2024