PBF Energy Inc (PBF)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 6.09% | 9.38% | 2.42% | -9.35% | 3.73% |
| Operating profit margin | 7.72% | 8.93% | 2.21% | -9.25% | 2.65% |
| Pretax margin | 7.49% | 7.44% | 0.90% | -9.08% | 1.73% |
| Net profit margin | 5.60% | 6.18% | 0.85% | -9.09% | 1.30% |
PBF Energy Inc's profitability ratios have shown fluctuating trends over the past five years. The gross profit margin, which indicates the percentage of revenue left after deducting the cost of goods sold, has varied between 5.56% and 16.62%. The gross profit margin improved in 2022 but decreased in 2023, suggesting some volatility in cost management.
The operating profit margin, which reflects the company's ability to generate profit from its core operations, has also been inconsistent, ranging from -12.50% to 8.97%. The significant negative margin in 2020 indicates operational challenges that were gradually improved upon in the following years.
The pretax margin, showing how well the company controls its operating costs, has fluctuated between -8.81% and 7.60%. The positive trend from 2020 to 2023 indicates better cost management and operational efficiency during this period.
Lastly, the net profit margin, which represents the percentage of revenue that results in net income, has ranged from -9.21% to 6.14%. The negative margins in 2020 and 2019 suggest financial difficulties, but the subsequent years show a positive trend, indicating improved profitability.
Overall, PBF Energy Inc's profitability ratios have been volatile in recent years, with fluctuations in margins reflecting changes in operational efficiency, cost management, and overall financial performance. Continued monitoring and strategic initiatives may be necessary to ensure sustained profitability in the future.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 20.51% | 30.65% | 5.13% | -13.49% | 7.11% |
| Return on assets (ROA) | 14.88% | 21.23% | 1.98% | -13.26% | 3.50% |
| Return on total capital | 37.86% | 58.26% | 9.01% | -17.98% | 11.43% |
| Return on equity (ROE) | 32.99% | 58.36% | 11.99% | -84.76% | 10.51% |
PBF Energy Inc's profitability ratios reflect the company's performance in generating returns for its assets and capital over the past five years.
1. Operating return on assets (Operating ROA) has shown fluctuating performance over the period. In 2023, the ratio stood at 13.76%, indicating that the company generated $0.1376 in operating income for every dollar of assets. Compared to the previous year, Operating ROA decreased from 31.02% in 2022, but remained higher than the ratios for 2021 and 2019.
2. Return on assets (ROA) demonstrates a similar trend to Operating ROA. The ROA for 2023 was 14.88%, reflecting the company's ability to generate profits from its total assets. While down from the previous year's 21.23%, the 2023 ROA outperformed the ratios for 2021 and 2019.
3. Return on total capital measures the company's return on all invested capital, including debt and equity. PBF Energy Inc's performance in this metric has varied significantly, with a notably high return of 60.40% in 2022 but a decline to 25.40% in 2023.
4. Return on equity (ROE) reflects the returns earned on shareholders' equity. PBF Energy Inc's ROE has shown substantial variability, from the high of 58.36% in 2022 to the lowest point of -84.76% in 2020. The 2023 ROE of 32.99% represents a positive return for equity holders.
Overall, PBF Energy Inc's profitability ratios suggest a mixed performance in recent years, with some volatility in returns but a positive trend in generating profits relative to assets and capital. It may be important for stakeholders to closely monitor these ratios for continued financial health and sustainable growth.