APA Corporation (APA)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	804,000	2,855,000	3,674,000	973,000	-4,860,000
Total assets	US$ in thousands	19,390,000	15,244,000	13,147,000	13,303,000	12,746,000
ROA		4.15%	18.73%	27.95%	7.31%	-38.13%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $804,000K ÷ $19,390,000K
= 4.15%

Based on the provided data, APA Corporation's return on assets (ROA) has shown significant fluctuations over the years. The ROA was notably negative at -38.13% on December 31, 2020, indicating that the company experienced a loss relative to its assets.

However, there was a notable improvement in APA Corporation's performance in the subsequent years. The ROA increased to 7.31% by December 31, 2021, indicating a return on assets that is positive but relatively low.

The company's ROA saw a considerable surge to 27.95% by December 31, 2022, suggesting that APA Corporation became more efficient in generating profit from its assets. It then decreased to 18.73% by December 31, 2023, indicating a slight decline in asset efficiency.

By December 31, 2024, APA Corporation's ROA declined further to 4.15%, reflecting a decrease in the company's ability to generate profit relative to its assets compared to the previous year.

Overall, APA Corporation showed a mix of negative, low, and high returns on assets over the years, indicating varying levels of efficiency in the utilization of its assets to generate profits during the period under review.