APA Corporation (APA)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,214,000 | 3,294,000 | 3,336,000 | 3,107,000 | 3,326,000 | 3,431,000 | 3,779,000 | 4,650,000 | 6,738,000 | 6,454,000 | 5,985,000 | 5,029,000 | 3,113,000 | 2,522,000 | 1,888,000 | 1,063,000 | 173,000 | -236,000 | -272,000 | 231,000 |
| Total assets | US$ in thousands | 19,390,000 | 19,376,000 | 20,195,000 | 14,952,000 | 15,244,000 | 13,545,000 | 13,244,000 | 13,213,000 | 13,147,000 | 13,629,000 | 12,924,000 | 12,476,000 | 13,303,000 | 13,310,000 | 13,512,000 | 13,127,000 | 12,746,000 | 12,875,000 | 12,999,000 | 13,391,000 |
| Operating ROA | 16.58% | 17.00% | 16.52% | 20.78% | 21.82% | 25.33% | 28.53% | 35.19% | 51.25% | 47.35% | 46.31% | 40.31% | 23.40% | 18.95% | 13.97% | 8.10% | 1.36% | -1.83% | -2.09% | 1.73% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,214,000K ÷ $19,390,000K
= 16.58%
APA Corporation's operating return on assets (operating ROA) has exhibited fluctuating trends over the provided quarterly periods from March 31, 2020, to December 31, 2024. The operating ROA started at a modest 1.73% in March 2020, declined subsequently to negative values in the following quarters, indicating potential operational inefficiencies or losses.
However, a significant turnaround occurred in March 2021, with the operating ROA jumping to 8.10% and showing consistent improvement in the subsequent periods. The company's operating performance notably strengthened, reaching peaks of 51.25% in December 2022.
After the peak in December 2022, the operating ROA experienced a gradual decline until June 2024, where it stabilized around the range of 16-20%. This trend suggests that APA Corporation may have faced challenges in maintaining the exceptionally high returns seen in 2022.
Overall, the analysis of APA Corporation's operating ROA demonstrates both positive and challenging periods in the company's operational efficiency and effectiveness in generating returns from its assets.
Peer comparison
Dec 31, 2024