Chord Energy Corp (CHRD)

Return on assets (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
Net income (ttm)	US$ in thousands	848,627	939,663	923,423	926,133	1,023,779	1,099,712	1,772,274	1,687,042	1,370,492	1,210,806	401,118	343,643	319,602	870,985	743,336	577,029	-3,690,239	-4,535,908	-4,459,921	-4,324,221
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
ROA		6.51%	7.21%	7.02%	13.18%	14.09%	15.91%	27.02%	25.50%	20.67%	18.47%	13.10%	11.42%	10.56%	29.04%	25.31%	25.12%	-170.92%	-180.95%	-169.86%	-150.68%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $848,627K ÷ $13,032,000K
= 6.51%

Chord Energy Corp's return on assets (ROA) showed a significant improvement over the years, based on the provided data. The company had negative ROA figures in the beginning, with percentages ranging from -150.68% to -180.95% in the first three quarters of 2020. However, there was a notable turnaround starting from the first quarter of 2021, where the ROA turned positive at 25.12%.

From that point onwards, Chord Energy Corp's ROA generally continued to increase, reaching peaks of 29.04% in the third quarter of 2021 and 27.02% in the second quarter of 2023. There were some fluctuations in the ROA figures over the years, with percentages ranging from 6.51% at the end of 2024 to a high of 29.04% in September 2021.

Overall, the positive trend in the ROA figures indicates that Chord Energy Corp has been effectively utilizing its assets to generate profits and improve its financial performance over the years. It is essential for the company to continue maintaining or improving its ROA to demonstrate efficiency in asset utilization and sustainable profitability in the future.