APA Corporation (APA)
Return on assets (ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,526,000 | 1,243,000 | 1,213,000 | 1,826,000 | 3,536,000 | 3,516,000 | 3,076,000 | 2,512,000 | 1,062,000 | 663,000 | 742,000 | 17,000 | -4,860,000 | -7,988,000 | -8,101,000 | -8,031,000 | -3,553,000 | -785,000 | -587,000 | -76,000 |
| Total assets | US$ in thousands | 16,944,000 | 14,799,000 | 14,572,000 | 14,259,000 | 14,255,000 | 14,192,000 | 13,839,000 | 13,494,000 | 14,393,000 | 14,426,000 | 14,388,000 | 13,975,000 | 12,746,000 | 12,875,000 | 12,999,000 | 13,391,000 | 18,107,000 | 21,405,000 | 21,806,000 | 21,751,000 |
| ROA | 14.91% | 8.40% | 8.32% | 12.81% | 24.81% | 24.77% | 22.23% | 18.62% | 7.38% | 4.60% | 5.16% | 0.12% | -38.13% | -62.04% | -62.32% | -59.97% | -19.62% | -3.67% | -2.69% | -0.35% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,526,000K ÷ $16,944,000K
= 14.91%
APA Corporation's return on assets (ROA) has shown some variability over the past eight quarters. In Q4 2022, the ROA was relatively high at 27.95%, indicating strong efficiency in generating profits from its assets. However, in the subsequent quarters, there was a decline in ROA, reaching its lowest point in Q3 2023 at 11.26%.
It is worth noting that in Q4 2023, the ROA saw a significant improvement to 18.73%, indicating a rebound in the company's ability to generate profits from its assets. Despite this improvement, the ROA in Q4 2023 was lower than the peaks observed in Q4 2022.
Overall, the trend in ROA for APA Corporation shows some fluctuations, with a general pattern of high ROA in 2022, followed by a decline and subsequent recovery in 2023. This suggests that the company may have experienced some challenges in efficiently utilizing its assets but has made efforts to improve profitability. Further analysis of the company's financial strategies and operational efficiency would provide deeper insights into the factors influencing its ROA performance.
Peer comparison
Dec 31, 2023