Chord Energy Corp (CHRD)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Net income (ttm)	US$ in thousands	1,023,779	1,099,712	1,772,387	1,687,155	1,856,159	1,696,473	886,672	829,197	319,602	46,023	-118,870	-4,503,094	-4,535,908	-4,459,921	-4,324,221	-128,243	170,140	212,193	-150,768	-35,296
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
ROA		14.78%	15.91%	27.02%	25.50%	27.99%	25.88%	28.95%	27.57%	10.56%	1.53%	-4.05%	-196.03%	-180.95%	-169.86%	-150.68%	-1.71%	2.22%	2.75%	-1.97%	-0.46%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,023,779K ÷ $6,926,150K
= 14.78%

To analyze Chord Energy Corp's return on assets (ROA) based on the provided data:

1. Calculate the average ROA for each quarter over the past two years to get a better understanding of the trend.

Q4 2023: 14.73%
Q3 2023: 15.90%
Q2 2023: 27.01%
Q1 2023: 25.49%
Q4 2022: 27.99%
Q3 2022: 25.88%
Q2 2022: 28.95%
Q1 2022: 27.57%

2. Calculate the average ROA for each year:
- 2023 Average ROA: (14.73% + 15.90% + 27.01% + 25.49%) / 4 = 20.53%
- 2022 Average ROA: (27.99% + 25.88% + 28.95% + 27.57%) / 4 = 27.35%

3. Compare the average ROA for 2023 and 2022:
- The average ROA for 2023 (20.53%) is lower than that of 2022 (27.35%).
- This indicates a decrease in the company's overall efficiency in generating profit from its assets in 2023 compared to 2022.

4. Consider factors that may have influenced the change in ROA, such as changes in revenue, expenses, asset utilization, or efficiency.

In conclusion, based on the data provided, Chord Energy Corp's return on assets (ROA) has shown a decrease in 2023 compared to 2022, indicating potential challenges in asset profitability and efficiency during the recent year. Further analysis of the company's financial performance and operational factors may be needed to understand the underlying reasons for this trend.