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.
Peer comparison
Dec 31, 2023