Chesapeake Energy Corp (CHK)
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 | 2,419,000 | 5,430,000 | 6,243,000 | 7,089,000 | 4,936,000 | 2,790,000 | 1,562,000 | -114,000 | 945,000 | -905,000 | -1,305,000 | -1,142,000 | -9,734,000 | -9,642,000 | -8,958,000 | -8,584,000 | -308,000 | 620,000 | 535,000 | 188,000 |
| Total assets | US$ in thousands | 14,376,000 | 14,248,000 | 14,429,000 | 14,591,000 | 15,468,000 | 14,089,000 | 13,899,000 | 13,293,000 | 11,009,000 | 7,326,000 | 6,999,000 | 6,904,000 | 6,584,000 | 6,903,000 | 6,553,000 | 7,808,000 | 16,193,000 | 16,579,000 | 16,540,000 | 16,637,000 |
| ROA | 16.83% | 38.11% | 43.27% | 48.58% | 31.91% | 19.80% | 11.24% | -0.86% | 8.58% | -12.35% | -18.65% | -16.54% | -147.84% | -139.68% | -136.70% | -109.94% | -1.90% | 3.74% | 3.23% | 1.13% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,419,000K ÷ $14,376,000K
= 16.83%
The return on assets (ROA) for Chesapeake Energy Corp has varied significantly over the past few quarters.
In the most recent quarter, as of December 31, 2023, the ROA was relatively high at 16.83%, which indicates that the company generated a solid return on its assets. This was a positive trend compared to the previous quarter when the ROA was 38.11%.
Looking back further, the ROA experienced a significant increase in the three quarters prior to September 30, 2023, reaching a peak of 48.58% as of March 31, 2023. This indicates that the company was efficiently utilizing its assets to generate profits during this period.
However, there were quarters with negative ROA figures, notably in the last quarter of 2020 and the first quarter of 2021, where the ROA was extremely low at -147.84% and -139.68% respectively. These negative ROA figures suggest that the company's assets were not generating sufficient profits or even incurring losses during those periods.
Overall, the analysis of Chesapeake Energy Corp's ROA reveals fluctuations in the company's ability to generate profits from its assets, with some quarters showcasing strong performance while others reflect challenges in asset utilization and profitability.
Peer comparison
Dec 31, 2023