PBF Energy Inc (PBF)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	-699,000	-363,000	1,100,400	2,564,200	2,951,500	3,954,300	4,277,200	4,594,600	4,153,200	3,488,700	2,189,600	630,500	597,200	-22,000	-465,600	7,700	-1,416,800	-965,700	-471,100	-1,082,400
Total assets	US$ in thousands	12,703,200	13,130,700	14,076,100	13,808,200	14,387,800	14,692,800	14,034,200	13,139,100	13,549,100	13,304,300	13,975,700	12,948,300	11,641,400	11,844,200	11,654,200	11,270,100	10,499,800	10,191,300	10,073,300	9,134,100
Operating ROA		-5.50%	-2.76%	7.82%	18.57%	20.51%	26.91%	30.48%	34.97%	30.65%	26.22%	15.67%	4.87%	5.13%	-0.19%	-4.00%	0.07%	-13.49%	-9.48%	-4.68%	-11.85%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-699,000K ÷ $12,703,200K
= -5.50%

PBF Energy Inc's operating return on assets (operating ROA) has displayed a fluctuating trend over the periods provided.

From March 31, 2020, to September 30, 2021, the company experienced negative operating ROA figures, indicating operational inefficiencies and challenges in generating profits from its assets. However, there was a positive turn as of December 31, 2021, with a notable increase in operating ROA to 5.13%, which continued to improve in the subsequent quarters.

The operating ROA peaked at 34.97% on March 31, 2023, showcasing a significant improvement in the company's ability to generate earnings from its operational assets. There was a slight decline in the following quarters, but the figures remained relatively strong.

In the most recent periods, from September 30, 2023, to December 31, 2024, there was a downward trend in operating ROA, dropping to -5.50% by the end of December 31, 2024. This decline could imply potential challenges in operational performance or asset utilization efficiency.

Overall, PBF Energy Inc's operating ROA has shown variability, with periods of improvement interspersed with declines. Further investigation into the company's operational strategies, asset management practices, and industry conditions may provide insights into these fluctuations.