Return on Assets (ROA)
since 2005
Calculation
Mosaic Co., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net earnings (loss) attributable to Mosaic1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 7.40% | = | 100 | × | 1,630,600) | ÷ | 22,036,400) |
| Dec 31, 2020 | 3.37% | = | 100 | × | 666,100) | ÷ | 19,789,800) |
| Dec 31, 2019 | -5.53% | = | 100 | × | (1,067,400) | ÷ | 19,298,500) |
| Dec 31, 2018 | 2.34% | = | 100 | × | 470,000) | ÷ | 20,119,200) |
| Dec 31, 2017 | -0.58% | = | 100 | × | (107,200) | ÷ | 18,633,400) |
| Dec 31, 2016 | 1.77% | = | 100 | × | 297,800) | ÷ | 16,840,700) |
| Dec 31, 2015 | 5.75% | = | 100 | × | 1,000,400) | ÷ | 17,412,400) |
| Dec 31, 2014 | 5.63% | = | 100 | × | 1,028,600) | ÷ | 18,283,000) |
| May 31, 2013 | 10.44% | = | 100 | × | 1,888,700) | ÷ | 18,086,000) |
| May 31, 2012 | 11.56% | = | 100 | × | 1,930,200) | ÷ | 16,690,400) |
| May 31, 2011 | 15.93% | = | 100 | × | 2,514,600) | ÷ | 15,786,900) |
| May 31, 2010 | 6.51% | = | 100 | × | 827,100) | ÷ | 12,707,700) |
| May 31, 2009 | 18.54% | = | 100 | × | 2,350,200) | ÷ | 12,676,200) |
| May 31, 2008 | 17.62% | = | 100 | × | 2,082,800) | ÷ | 11,819,800) |
| May 31, 2007 | 4.58% | = | 100 | × | 419,700) | ÷ | 9,163,600) |
| May 31, 2006 | -1.39% | = | 100 | × | (121,400) | ÷ | 8,720,600) |
| May 31, 2005 | 1.98% | = | 100 | × | 167,600) | ÷ | 8,444,000) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
1 US$ in thousands
The financial performance of the organization from 2005 to 2021 is characterized by significant volatility in profitability and a consistent expansion of the asset base. The return on assets (ROA) demonstrates a highly cyclical pattern, with periods of substantial gains interspersed with intervals of negative returns, reflecting an environment sensitive to external market fluctuations.
- Asset Base Expansion
- A steady upward trajectory in total assets is observed over the analysis period. Assets grew from 8.44 billion USD in 2005 to 22.04 billion USD by 2021. This expansion represents an increase of approximately 160%, indicating a long-term commitment to capital investment and infrastructure growth.
- Profitability and Earnings Volatility
- Net earnings exhibit extreme variance. The company experienced peak earnings in 2009 and 2011, with the latter reaching 2.51 billion USD. Conversely, significant losses were recorded in 2006, 2017, and 2019, with the most substantial loss occurring in 2019 at 1.07 billion USD. This volatility suggests a high degree of sensitivity to commodity price cycles or operational disruptions.
- ROA Trend Analysis
- The ROA peaked in 2009 at 18.54%, following a period of rapid earnings growth relative to the asset base. A secondary peak occurred in 2011 at 15.93%. However, a general downward trend in asset efficiency is evident from 2012 onward, with ROA frequently falling below 5% and dipping into negative territory in 2017 (-0.58%) and 2019 (-5.53%).
- Recent Performance Recovery
- Following the significant trough in 2019, a recovery phase is observed. The ROA improved to 3.37% in 2020 and further climbed to 7.40% in 2021. This recovery was driven by a return to positive net earnings of 1.63 billion USD in 2021, despite the asset base reaching its highest recorded level of 22.04 billion USD.
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Comparison to Competitors
Mosaic Co., ROA, long-term trends, comparison to competitors
| Mosaic Co. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2021 | 7.40% | 4.69% | 9.02% |
| Dec 31, 2020 | 3.37% | 2.83% | 9.95% |
| Dec 31, 2019 | -5.53% | 2.64% | 7.52% |
| Dec 31, 2018 | 2.34% | 4.69% | 5.79% |
| Dec 31, 2017 | -0.58% | 6.10% | 8.88% |
| Dec 31, 2016 | 1.77% | 7.76% | 16.77% |
| Dec 31, 2015 | 5.75% | 8.44% | 18.20% |
| Dec 31, 2014 | 5.63% | 8.55% | 15.17% |
| May 31, 2013 | 10.44% | 8.66% | 11.79% |
| May 31, 2012 | 11.56% | 9.35% | 10.12% |
| May 31, 2011 | 15.93% | 10.22% | 8.45% |
| May 31, 2010 | 6.51% | 7.82% | 8.95% |
| May 31, 2009 | 18.54% | 8.76% | 10.08% |
| May 31, 2008 | 17.62% | 9.28% | 10.80% |
| May 31, 2007 | 4.58% | 8.80% | 12.68% |
| May 31, 2006 | -1.39% | 8.90% | 11.53% |
| May 31, 2005 | 1.98% | 6.92% | 10.60% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Sector (Chemicals)
Mosaic Co., ROA, long-term trends, comparison to sector (chemicals)
| Mosaic Co. | Chemicals | |
|---|---|---|
| Dec 31, 2021 | 7.40% | 5.56% |
| Dec 31, 2020 | 3.37% | 4.17% |
| Dec 31, 2019 | -5.53% | 3.57% |
| Dec 31, 2018 | 2.34% | 4.88% |
| Dec 31, 2017 | -0.58% | 7.47% |
| Dec 31, 2016 | 1.77% | 10.09% |
| Dec 31, 2015 | 5.75% | 10.79% |
| Dec 31, 2014 | 5.63% | 10.04% |
| May 31, 2013 | 10.44% | 9.41% |
| May 31, 2012 | 11.56% | 9.55% |
| May 31, 2011 | 15.93% | 9.79% |
| May 31, 2010 | 6.51% | 8.11% |
| May 31, 2009 | 18.54% | 9.07% |
| May 31, 2008 | 17.62% | 9.66% |
| May 31, 2007 | 4.58% | 9.83% |
| May 31, 2006 | -1.39% | 9.72% |
| May 31, 2005 | 1.98% | 8.00% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Industry (Materials)
Mosaic Co., ROA, long-term trends, comparison to industry (materials)
| Mosaic Co. | Materials | |
|---|---|---|
| Dec 31, 2021 | 7.40% | 6.65% |
| Dec 31, 2020 | 3.37% | 3.40% |
| Dec 31, 2019 | -5.53% | 2.43% |
| Dec 31, 2018 | 2.34% | 5.23% |
| Dec 31, 2017 | -0.58% | 6.22% |
| Dec 31, 2016 | 1.77% | -2.40% |
| Dec 31, 2015 | 5.75% | -13.63% |
| Dec 31, 2014 | 5.63% | 1.48% |
| May 31, 2013 | 10.44% | 5.73% |
| May 31, 2012 | 11.56% | 8.98% |
| May 31, 2011 | 15.93% | 12.44% |
| May 31, 2010 | 6.51% | 12.03% |
| May 31, 2009 | 18.54% | 9.94% |
| May 31, 2008 | 17.62% | -22.98% |
| May 31, 2007 | 4.58% | 8.10% |
| May 31, 2006 | -1.39% | 14.06% |
| May 31, 2005 | 1.98% | 10.70% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).