Par Pacific Holdings Inc (PARR)

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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	40,809	19,256	97,325	85,334
Total assets	US$ in thousands	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	2,700,560	2,652,880	2,672,410	2,648,100
ROA		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%	1.51%	0.73%	3.64%	3.22%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $728,642K ÷ $3,863,950K
= 18.86%

Over the past eight quarters, Par Pacific Holdings Inc has shown varying levels of return on assets (ROA). The ROA has fluctuated within a range of -5.35% to 22.21%.

The trend indicates an improvement in ROA performance from Q1 2022 to Q4 2023, with the highest ROA of 22.21% recorded in Q1 2023. This suggests that the company has been able to generate more profit relative to its total assets during this period.

It is also worth noting that the company experienced a significant decrease in ROA in Q1 2022, which then steadily improved over the subsequent quarters. This improvement may indicate better asset utilization and management efficiency.

Overall, Par Pacific Holdings Inc has displayed positive ROA figures in recent quarters, which may signify effective asset management and operational performance. However, the variability in ROA across the quarters indicates that the company's profitability and efficiency levels have been subject to fluctuations.