PBF Energy Inc (PBF)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -699,000 | 2,951,500 | 4,153,200 | 597,200 | -1,416,800 |
| Total assets | US$ in thousands | 12,703,200 | 14,387,800 | 13,549,100 | 11,641,400 | 10,499,800 |
| Operating ROA | -5.50% | 20.51% | 30.65% | 5.13% | -13.49% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-699,000K ÷ $12,703,200K
= -5.50%
PBF Energy Inc's operating return on assets (operating ROA) has displayed volatility over the past years. In 2020, the operating ROA was at a negative figure of -13.49%, indicating that the company was not efficiently generating profits from its assets. However, in 2021, there was a notable improvement as the operating ROA increased to 5.13%, suggesting a better utilization of assets to generate operating profits.
The subsequent years, 2022 and 2023, saw significant growth in operating ROA, reaching 30.65% and 20.51% respectively. These percentages indicate that the company improved its profitability relative to its asset base, demonstrating effective operational efficiency and management.
However, in 2024, there was a decline in the operating ROA to -5.50%, signaling a potential setback in the company's ability to generate profits from its assets efficiently.
Overall, the analysis of PBF Energy Inc's operating ROA highlights its fluctuating performance in converting assets into operating profits over the years, showcasing periods of improvement and challenges in asset utilization and profitability.
Peer comparison
Dec 31, 2024