Chord Energy Corp (CHRD)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	1,143,441	1,224,359	1,304,203	1,229,632	1,275,960	1,353,459	1,538,031	1,480,381	1,446,179	1,256,647	922,928	1,105,134	964,099	692,243	527,177	140,380	-4,872,985	-5,055,862	-5,085,945	-5,003,149
Total assets	US$ in thousands	13,032,000	13,034,200	13,147,300	7,025,510	7,266,820	6,912,540	6,559,690	6,615,400	6,631,080	6,555,140	3,062,410	3,007,950	3,026,790	2,999,510	2,936,720	2,297,180	2,159,040	2,506,780	2,625,630	2,869,840
Operating ROA		8.77%	9.39%	9.92%	17.50%	17.56%	19.58%	23.45%	22.38%	21.81%	19.17%	30.14%	36.74%	31.85%	23.08%	17.95%	6.11%	-225.70%	-201.69%	-193.70%	-174.34%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,143,441K ÷ $13,032,000K
= 8.77%

Chord Energy Corp's operating return on assets (operating ROA) experienced significant fluctuations during the period from March 31, 2020, to December 31, 2024. The company started with negative operating ROA figures, indicating that its operating income was insufficient to cover the assets in the first few quarters.

However, there was a notable turnaround in the company's performance starting from March 31, 2021, where the operating ROA turned positive at 6.11%. The positive trend continued over the next few quarters, with the operating ROA progressively increasing to 31.85% by December 31, 2021, representing a substantial improvement in asset utilization and profitability.

From March 31, 2022, to June 30, 2022, the operating ROA declined slightly but remained at a relatively healthy level around 30%. However, a more significant decline was seen in the subsequent quarters, reaching 8.77% by December 31, 2024. This decline may indicate challenges in maintaining or increasing operating income levels relative to the total assets employed by the company.

Overall, Chord Energy Corp's operating ROA exhibited a mix of positive and negative trends over the analyzed period, highlighting the company's varying levels of efficiency in generating operating income from its assets. Continuous monitoring and analysis of this ratio will be essential for the company and its stakeholders to assess operational performance and profitability effectively.