SunCoke Energy Inc (SXC)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 125,100 | 121,900 | 139,800 | 136,800 | 153,700 | 158,700 | 152,500 | 151,900 | 141,500 | 118,300 | 88,900 | 79,900 | 69,700 | 81,400 | -143,000 | -146,300 | -144,300 | -138,000 | 104,500 | 117,600 |
| Total assets | US$ in thousands | 1,660,400 | 1,679,200 | 1,643,400 | 1,669,300 | 1,654,600 | 1,679,800 | 1,677,400 | 1,705,700 | 1,615,400 | 1,593,200 | 1,598,000 | 1,605,100 | 1,613,400 | 1,661,800 | 1,678,400 | 1,875,900 | 1,753,800 | 1,766,200 | 2,082,400 | 2,097,300 |
| Operating ROA | 7.53% | 7.26% | 8.51% | 8.20% | 9.29% | 9.45% | 9.09% | 8.91% | 8.76% | 7.43% | 5.56% | 4.98% | 4.32% | 4.90% | -8.52% | -7.80% | -8.23% | -7.81% | 5.02% | 5.61% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $125,100K ÷ $1,660,400K
= 7.53%
To evaluate SunCoke Energy Inc's operating return on assets (operating ROA) over the provided quarters, we observe fluctuations in the ratios. The operating ROA measures the company's efficiency in generating operating profits relative to its total assets.
In Q4 2022, the operating ROA stood at 9.29%, indicating that the company generated 9.29 cents of operating profit for every dollar of assets. Subsequently, in Q1 2023 and Q2 2023, the operating ROA saw a decrease to 8.20% and 8.51%, respectively, before picking up again in Q3 2023 and Q4 2023 to 7.26% and 7.53%, respectively.
Overall, there seems to be a downtrend in the operating ROA figures from the previous year's Q4 peak to the current Q4 2023. This declining trend suggests a potential decrease in the company's ability to utilize its assets efficiently to generate operating profits. Further analysis would be necessary to understand the underlying reasons for these fluctuations and to determine the impact on the company's financial performance and operational strategies.
Peer comparison
Dec 31, 2023