APA Corporation (APA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 4,732,000 | 3,094,000 | 2,700,000 | 2,404,000 | 2,258,000 | 1,831,000 | 1,508,000 | 932,000 | -618,000 | -179,000 | -92,000 | -410,000 | -1,639,000 | -1,641,000 | -1,635,000 | -1,246,000 | 3,255,000 | 6,301,000 | 6,551,000 | 6,989,000 |
| ROE | 53.38% | 40.17% | 44.93% | 75.96% | 156.60% | 192.03% | 203.98% | 269.53% | — | — | — | — | — | — | — | — | -109.16% | -12.46% | -8.96% | -1.09% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,526,000K ÷ $4,732,000K
= 53.38%
APA Corporation has shown significant variability in its return on equity (ROE) over the past quarters, ranging from extremely high values to declining ones. The ROE for Q4 2023 was 107.53%, which decreased compared to the previous quarter's ROE of 141.47%. However, it is notable that the Q4 2023 ROE is still at a relatively high level.
The company experienced a substantial increase in ROE in Q2 2023, reaching 209.87%, followed by a significant surge to 457.88% in Q1 2023. This demonstrates a remarkable performance in generating profit relative to shareholders' equity during those periods.
Moreover, the ROE for Q4 2022 was exceptionally high at 868.56%, indicating a strong ability to generate profit with the shareholders' investment. However, the ROE has since shown a decreasing trend from the peak in Q4 2022 to the latest reported quarter in Q4 2023.
Overall, although APA Corporation has displayed fluctuations in its ROE, the company has generally delivered high returns to its shareholders, with some quarters showing exceptional performance. Investors and stakeholders may want to further investigate the factors contributing to these variations in ROE to assess the company's long-term profitability and sustainability.
Peer comparison
Dec 31, 2023