SunCoke Energy Inc (SXC)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	57,500	100,700	43,400	3,700	-152,300
Total assets	US$ in thousands	1,660,400	1,654,600	1,615,400	1,613,400	1,753,800
ROA		3.46%	6.09%	2.69%	0.23%	-8.68%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $57,500K ÷ $1,660,400K
= 3.46%

SunCoke Energy Inc's return on assets (ROA) has exhibited variability over the past five years. In 2023, the ROA was 3.46%, showing a decrease from the previous year's 6.09%. Despite this decline, the company's ROA still remained positive in 2023, indicating that SunCoke Energy Inc continues to generate a profit relative to its total assets.

Comparing the ROA in 2023 to earlier years, there has been a notable improvement from 2020 when the ROA was a mere 0.23%. This indicates that the company's asset utilization and efficiency in generating profits have strengthened over the past few years. In contrast, the ROA in 2019 was negative at -8.68%, indicating that SunCoke Energy Inc faced challenges in generating profits relative to its assets during that period.

Overall, while the recent decline in ROA in 2023 is noteworthy, SunCoke Energy Inc's ability to generate positive returns on its assets compared to the negative performance in previous years showcases an improved operational efficiency and profitability.