PBF Energy Inc (PBF)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	319,500	-87,300	22,800	327,100
Total assets	US$ in thousands	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	9,132,400	8,917,400	8,809,700	9,126,100
ROA		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%	3.50%	-0.98%	0.26%	3.58%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,140,500K ÷ $14,387,800K
= 14.88%

The return on assets (ROA) for PBF Energy Inc has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ROA was 14.88%, indicating that the company generated 14.88 cents of profit for every dollar of assets it owns. This was a decrease from the previous quarter's ROA of 19.24%.

The ROA reached its highest point in Q1 2023 at 24.96%, suggesting that the company was highly effective in generating profits from its assets during that period. This represented a significant improvement from the ROA in Q1 2022, which stood at 1.94%, indicating a major turnaround in the company's operational efficiency over the year.

Overall, the ROA trend for PBF Energy Inc indicates that the company's profitability relative to its total assets has been volatile but generally improving over the past year. It is essential for investors and stakeholders to continue monitoring this ratio to assess the company's ability to generate profits from its assets efficiently.