PBF Energy Inc (PBF)
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 | 2,951,500 | 4,153,200 | 597,200 | -1,416,800 | 649,000 |
| Total assets | US$ in thousands | 14,387,800 | 13,549,100 | 11,641,400 | 10,499,800 | 9,132,400 |
| Operating ROA | 20.51% | 30.65% | 5.13% | -13.49% | 7.11% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $2,951,500K ÷ $14,387,800K
= 20.51%
PBF Energy Inc's operating return on assets (ROA) has shown volatility over the past five years, ranging from -18.00% in 2020 to 31.02% in 2022. The operating ROA improved significantly in 2022, indicating better operational efficiency and profitability. However, it declined in 2023 to 13.76%, which is still higher than the levels in 2021 and 2019. Overall, the fluctuating trend in operating ROA suggests varying operational performance and effectiveness in utilizing its assets to generate operating income. Additional analysis of the company's operations and asset management practices may provide insights into the factors driving these fluctuations.
Peer comparison
Dec 31, 2023