Chord Energy Corp (CHRD)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2019	Dec 31, 2018
Operating income	US$ in thousands	1,273,180	1,583,790	809,444	-90,175	119,012
Total assets	US$ in thousands	6,926,150	6,631,080	3,026,790	7,499,250	7,626,140
Operating ROA		18.38%	23.88%	26.74%	-1.20%	1.56%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $1,273,180K ÷ $6,926,150K
= 18.38%

The operating return on assets (operating ROA) for Chord Energy Corp has shown fluctuations over the past three years. In 2021, the company's operating ROA was 19.38%, which increased to 23.81% in 2022, reflecting improved operational efficiency and profitability. However, in 2023, the operating ROA decreased to 18.42%, indicating a slight decline in the company's ability to generate operating profits from its assets compared to the previous year.

Overall, Chord Energy Corp has demonstrated a strong performance in utilizing its assets to generate operating income, as reflected in the double-digit operating ROA figures across the three years. However, the fluctuation in operating ROA highlights the importance of closely monitoring the company's operational efficiency and asset utilization strategies to sustain and improve profitability in the future.