Antero Resources Corp (AR)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	242,919	1,898,770	-186,899	-1,267,900	-340,129
Total assets	US$ in thousands	13,619,400	14,118,000	13,896,500	13,150,800	15,197,600
ROA		1.78%	13.45%	-1.34%	-9.64%	-2.24%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $242,919K ÷ $13,619,400K
= 1.78%

The return on assets (ROA) for Antero Resources Corp has fluctuated significantly over the past five years. In 2023, the ROA stands at 1.78%, showing a decrease from the previous year's figure of 13.45%. The positive ROA indicates that the company generated a profit relative to its total assets, albeit at a lower rate compared to the prior year.

The 2022 ROA of 13.45% was a notable improvement from the negative ROA values in 2021, 2020, and 2019, which were -1.34%, -9.64%, and -2.24%, respectively. This implies that the company successfully turned its assets into profits in 2022 after facing profitability challenges in the earlier years.

It is important to note that the negative ROA figures in 2021, 2020, and 2019 reflect that the company experienced difficulties in generating earnings from its assets during those periods.

Overall, while the recent ROA has shown a positive trend, it is essential for Antero Resources Corp to sustain or improve its ROA in the future to demonstrate efficient asset utilization and profitability.