Chord Energy Corp (CHRD)

Operating return on assets (Operating 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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Operating income (ttm)	US$ in thousands	1,273,182	1,353,657	1,538,229	1,617,989	1,583,787	1,394,056	1,007,587	1,001,863	809,446	613,870	451,806	-4,735,777	-4,811,264	-4,841,347	-4,758,551	154,423	200,113	370,717	56,471	119,012
Total assets	US$ in thousands	6,926,150	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	2,506,780	2,625,630	2,869,840	7,499,250	7,666,980	7,710,290	7,646,350	7,626,140
Operating ROA		18.38%	19.58%	23.45%	24.46%	23.88%	21.27%	32.90%	33.31%	26.74%	20.47%	15.38%	-206.16%	-191.93%	-184.39%	-165.81%	2.06%	2.61%	4.81%	0.74%	1.56%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,273,182K ÷ $6,926,150K
= 18.38%

To analyze Chord Energy Corp's operating return on assets (operating ROA) based on the provided data, we observe fluctuations in the ratio over the past eight quarters. The operating ROA ranged from a low of 17.49% in Q3 2022 to a high of 26.38% in Q2 2022, demonstrating variability in the company's ability to generate operating income relative to its total assets.

The trend indicates an overall positive performance, with consecutive quarters of strong operating ROA above 20% from Q1 2023 to Q3 2023. This suggests that Chord Energy Corp has efficiently utilized its assets to generate operating income during these quarters.

However, there was a slight decrease in operating ROA in Q4 2023 compared to the previous quarter, indicating a potential dip in operating efficiency or a change in the asset base. It would be important for stakeholders to further investigate the reasons behind this decline to assess the company's operational performance.

Overall, the varying levels of operating ROA reflect Chord Energy Corp's operational effectiveness and efficiency in utilizing its assets to generate profits. Stakeholders may consider monitoring this ratio in conjunction with other financial indicators to gain a comprehensive understanding of the company's financial performance and sustainability.