Chesapeake Energy Corp (CHK)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,419,000	4,936,000	945,000	-9,734,000	-308,000
Total assets	US$ in thousands	14,376,000	15,468,000	11,009,000	6,584,000	16,193,000
ROA		16.83%	31.91%	8.58%	-147.84%	-1.90%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $2,419,000K ÷ $14,376,000K
= 16.83%

Chesapeake Energy Corp's return on assets (ROA) has been volatile over the past five years, varying from negative to positive figures. The ROA was significantly negative in 2020 and 2019, indicating that the company's assets were not generating sufficient earnings during those periods. However, there was a notable improvement in 2021 with an ROA of 8.58%, suggesting better asset utilization.

The most significant improvement was seen in 2022, where the ROA surged to 31.91%, indicating a substantial increase in profitability relative to its assets. However, it dropped to 16.83% in 2023, which is still relatively strong compared to the negative figures in the earlier years.

Overall, the company's ROA trend indicates that Chesapeake Energy Corp has been working on efficiently managing its assets to generate returns for its stakeholders, with some fluctuations across the years. Further analysis of the company's operations and financial health would provide a more comprehensive understanding of its performance.