Chord Energy Corp (CHRD)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 5,076,620 | 4,679,800 | 1,032,900 | 3,636,140 | 3,734,580 |
| ROE | 20.17% | 39.66% | 30.94% | -3.53% | -0.95% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,023,780K ÷ $5,076,620K
= 20.17%
Chord Energy Corp's return on equity (ROE) has shown fluctuations over the past three years, with values of 30.94% in 2021, 39.66% in 2022, and 20.10% in 2023. The ROE measures the company's profitability relative to its shareholders' equity, indicating how effectively the company is utilizing shareholder investments to generate profits. The decreasing trend from 2022 to 2023 suggests a decline in the company's ability to generate profit with shareholders' equity. This decrease may be attributed to factors such as increased debt levels, lower net income, or inefficient asset utilization. Chord Energy Corp should assess the reasons behind the declining ROE to implement strategic improvements and enhance shareholder value in the future.
Peer comparison
Dec 31, 2023