PBF Energy Inc (PBF)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	-533,800	2,140,500	2,876,800	231,000	-1,392,400
Total assets	US$ in thousands	12,703,200	14,387,800	13,549,100	11,641,400	10,499,800
ROA		-4.20%	14.88%	21.23%	1.98%	-13.26%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $-533,800K ÷ $12,703,200K
= -4.20%

The return on assets (ROA) for PBF Energy Inc has shown significant fluctuations over the past five years. In December 2020, the ROA was -13.26%, indicating that the company's assets were not generating positive returns at that time. However, there has been a notable improvement in the subsequent years.

In December 2021, the ROA increased to 1.98%, signifying a turnaround in asset utilization and profitability. This positive trend continued in December 2022, with the ROA soaring to 21.23%, showcasing a substantial improvement in the company's ability to generate earnings relative to its assets.

The performance dipped slightly in December 2023, with the ROA decreasing to 14.88%, but still reflecting a relatively healthy return on assets. However, by December 2024, the ROA declined to -4.20%, indicating a decline in profitability compared to the previous year.

Overall, the ROA trend for PBF Energy Inc suggests a mixed performance with significant improvements in certain years but accompanied by periods of downturn. It is essential for investors and stakeholders to monitor these fluctuations closely to assess the company's asset management efficiency and profitability levels accurately.