Antero Resources Corp (AR)

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	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	-340,129	20,521	744,966	566,413
Total assets	US$ in thousands	13,619,400	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	15,197,600	16,120,300	17,330,900	17,288,700
ROA		1.78%	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%	-2.24%	0.13%	4.30%	3.28%

December 31, 2023 calculation

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

Antero Resources Corp's return on assets (ROA) has displayed fluctuations over the past eight quarters. The ROA ranged from -2.37% in Q1 2022 to a peak of 16.36% in Q1 2023. The highest ROA was observed in Q1 2023, indicating the company generated $0.1636 in profit for each dollar of assets during that period. However, there was a significant decline in Q2 2023, where the ROA dropped to 10.32%. Subsequently, in Q3 2023 and Q4 2023, the ROA further decreased to 6.39% and 1.78%, respectively.

The notable volatility in the ROA suggests varying levels of efficiency in asset utilization and profitability over the analyzed period. Further investigation into the reasons behind these fluctuations would be beneficial to assess the company's financial performance and strategic direction.