APA Corporation (APA)

Return on assets (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
Net income (ttm)	US$ in thousands	804,000	2,223,000	2,905,000	2,745,000	2,855,000	1,525,000	1,488,000	2,033,000	3,674,000	3,613,000	3,078,000	2,468,000	973,000	621,000	749,000	47,000	-4,821,000	-7,827,000	-8,012,000	-7,982,000
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
ROA		4.15%	11.47%	14.38%	18.36%	18.73%	11.26%	11.24%	15.39%	27.95%	26.51%	23.82%	19.78%	7.31%	4.67%	5.54%	0.36%	-37.82%	-60.79%	-61.64%	-59.61%

December 31, 2024 calculation

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

APA Corporation's return on assets (ROA) has shown significant fluctuations over the past few years based on the provided data.

The company experienced negative ROA figures in the range of -59.61% to -37.82% in the first three quarters of 2020, indicating that the company was not effectively generating profits from its assets during that period. However, there was a notable improvement in the ROA by the end of 2020, reaching 7.31%.

Throughout 2021 and 2022, the ROA continued to climb steadily, peaking at 27.95% by the end of December 2022. This suggests that the company was becoming more efficient in generating profits relative to its asset base during this period.

However, the ROA declined slightly in the first half of 2023, with figures ranging from 15.39% to 11.24%. This could indicate a potential decrease in profitability compared to the previous periods.

By the end of 2023, the ROA showed a slight recovery, reaching 18.73%. The trend continued into 2024, but there was a noticeable drop by the end of the year, with an ROA of 4.15%.

Overall, while there have been fluctuations in APA Corporation's ROA over the years, the company has managed to improve its efficiency in generating profits from its assets, with some periods of notable growth followed by slight declines. Further analysis of the company's operations and financial performance would be necessary to understand the drivers behind these fluctuations.