Chord Energy Corp (CHRD)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,023,780 | 1,856,160 | 319,602 | -128,243 | -35,296 |
| Total assets | US$ in thousands | 6,926,150 | 6,631,080 | 3,026,790 | 7,499,250 | 7,626,140 |
| ROA | 14.78% | 27.99% | 10.56% | -1.71% | -0.46% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,023,780K ÷ $6,926,150K
= 14.78%
The return on assets (ROA) of Chord Energy Corp has fluctuated over the three years under review. In 2023, the ROA was 14.73%, significantly lower than the 2022 figure of 27.99% but higher than the 2021 ROA of 10.56%. This indicates a decline in the company's ability to generate profit from its assets compared to the previous year but an improvement compared to two years ago. It is important for Chord Energy Corp to further analyze the factors contributing to these fluctuations in ROA to make informed decisions regarding the utilization of its assets for better profitability in the future.
Peer comparison
Dec 31, 2023