Antero Resources Corp (AR)

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 57,226 45,002 83,254 65,833 242,919 878,451 1,420,402 2,268,621 1,898,771 2,069,860 960,783 -327,819 -186,899 -1,018,454 -1,004,749 -944,586 -1,267,897 -1,819,923 -2,163,174 -1,657,702
Total assets US$ in thousands 13,010,000 13,223,600 13,415,800 13,548,500 13,517,200 13,736,600 13,766,800 13,871,100 14,118,000 14,413,400 14,212,700 13,803,500 13,896,500 13,471,500 12,848,300 13,000,400 13,150,800 13,349,700 13,744,000 14,525,800
ROA 0.44% 0.34% 0.62% 0.49% 1.80% 6.39% 10.32% 16.36% 13.45% 14.36% 6.76% -2.37% -1.34% -7.56% -7.82% -7.27% -9.64% -13.63% -15.74% -11.41%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $57,226K ÷ $13,010,000K
= 0.44%

The return on assets (ROA) for Antero Resources Corp has shown significant fluctuations over the analyzed period. Starting in March 2020 with a negative ROA of -11.41%, the metric further decreased by June 2020 to -15.74%, indicating a decline in the company's ability to generate profits relative to its total assets. The trend continued with a ROA of -13.63% in September 2020 and -9.64% in December 2020.

However, the company's ROA began to show signs of improvement in the subsequent quarters, with a gradual decrease in the negative values. By March 2022, the ROA had improved to -2.37%, signaling a potential turnaround in the company's asset utilization efficiency. This positive trend continued, with ROA turning positive in June 2022 at 6.76% and further increasing to 14.36% by September 2022. This indicates that Antero Resources Corp was generating higher profits relative to its assets during this period.

The ROA peaked in March 2023 at 16.36%, reflecting a strong performance in utilizing its assets to generate earnings. However, there was a slight decline in the following quarters, with ROA gradually decreasing to 0.44% by December 2024.

Overall, the trend in Antero Resources Corp's ROA suggests a period of initial challenges followed by a significant improvement in asset efficiency and profitability, albeit with some fluctuations in performance in later periods. It is important for investors and stakeholders to monitor this metric to assess the company's ability to generate profits from its assets effectively.