PBF Energy Inc (PBF)

Return on assets (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
Net income (ttm)	US$ in thousands	-533,800	-292,900	779,400	1,865,000	2,140,500	2,826,700	3,096,700	3,280,000	2,876,800	2,404,300	1,407,000	251,200	231,000	-232,700	-709,000	-367,800	-1,392,400	-1,041,000	-554,300	-975,600
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
ROA		-4.20%	-2.23%	5.54%	13.51%	14.88%	19.24%	22.07%	24.96%	21.23%	18.07%	10.07%	1.94%	1.98%	-1.96%	-6.08%	-3.26%	-13.26%	-10.21%	-5.50%	-10.68%

December 31, 2024 calculation

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

Based on the data provided, PBF Energy Inc's return on assets (ROA) has exhibited fluctuating trends over the reported periods. The ROA was negative in the initial quarters of analysis, indicating that the company was not efficiently utilizing its assets to generate profits during those periods. However, the ROA started to improve gradually and turned positive, reflecting a better utilization of assets to generate earnings.

The ROA saw a significant improvement from around 2022, reaching double-digit percentages by the middle of 2022. This indicates that the company was able to generate more profits relative to its asset base during that period. The ROA continued to increase through the end of 2023, peaking at 24.96%, demonstrating strong asset efficiency and profitability.

However, the ROA started to decline in the following periods, dropping to 5.54% by mid-2024 and turning negative again by the end of 2024. This downward trend suggests a potential decrease in the company's ability to generate earnings from its assets during those quarters.

Overall, the analysis shows that PBF Energy Inc's ROA had periods of both improvement and decline, highlighting the importance of monitoring asset utilization and profitability to assess the company's financial performance effectively.