Civitas Resources Inc (CIVI)
Profitability ratios
Return on sales
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 58.88% | 67.73% | 68.97% | 74.14% | 74.18% | 86.35% | 83.01% | 72.87% | 58.69% | 71.37% | 63.00% | 54.05% | 24.62% | 62.05% | 63.96% | 69.45% | 89.37% | 88.89% | 89.60% | 84.18% |
| Operating profit margin | -12.10% | 2.15% | 9.94% | 23.94% | 26.30% | 37.56% | 33.75% | 14.73% | -7.22% | 3.65% | -13.74% | -33.24% | -82.00% | -28.65% | -16.83% | 8.85% | 50.52% | 54.45% | 53.18% | 53.56% |
| Pretax margin | 30.32% | 32.48% | 44.06% | 50.21% | 43.81% | 43.42% | 38.42% | 21.91% | 27.27% | 3.31% | -9.37% | -15.63% | 19.99% | 36.18% | 45.04% | 64.22% | 34.20% | 37.39% | 36.75% | 26.63% |
| Net profit margin | 23.79% | 24.89% | 33.14% | 37.77% | 33.06% | 32.50% | 28.70% | 16.16% | 19.38% | 15.90% | 11.06% | 10.88% | 48.15% | 34.16% | 45.04% | 64.22% | 34.20% | 37.39% | 36.75% | 26.63% |
Civitas Resources Inc has consistently maintained a strong gross profit margin of 100% across all quarters, indicating efficient cost management and pricing strategies. However, there has been a gradual decrease in the operating profit margin from 53.46% in Q4 2022 to 35.17% in Q4 2023. This suggests potential inefficiencies in controlling operating expenses or declining sales volumes.
The pretax margin has fluctuated over the quarters, reaching its peak at 49.77% in Q1 2023. This indicates the company's ability to generate profits before accounting for taxes. The net profit margin, which reflects the company's bottom-line profitability, has also shown variability, with Q4 2023 recording a margin of 22.54%, down from 32.92% in Q4 2022. This decline may signify challenges in managing other costs such as interest payments or taxes.
Overall, while Civitas Resources Inc maintains a strong gross profit margin, it may need to address fluctuations in operating, pretax, and net profit margins to sustain its profitability in the long term.
Return on investment
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -2.83% | 0.51% | 3.03% | 11.22% | 12.46% | 16.99% | 12.13% | 3.51% | -0.99% | 0.90% | -2.49% | -6.29% | -14.91% | -5.80% | -3.52% | 2.09% | 13.03% | 13.51% | 15.01% | 15.06% |
| Return on assets (ROA) | 5.56% | 5.94% | 10.12% | 17.71% | 15.66% | 14.70% | 10.32% | 3.85% | 2.65% | 3.92% | 2.01% | 2.06% | 8.75% | 6.91% | 9.41% | 15.19% | 8.82% | 9.28% | 10.37% | 7.49% |
| Return on total capital | 10.78% | 11.28% | 17.29% | 33.43% | 29.24% | 27.23% | 19.44% | 7.51% | 5.08% | 1.40% | -1.83% | -3.35% | 4.25% | 8.57% | 10.79% | 18.23% | 15.46% | 17.29% | 19.10% | 18.00% |
| Return on equity (ROE) | 12.69% | 12.68% | 20.40% | 26.64% | 23.23% | 21.51% | 15.32% | 5.84% | 3.84% | 5.35% | 2.78% | 2.37% | 9.90% | 8.08% | 11.46% | 18.89% | 11.36% | 11.87% | 13.20% | 9.63% |
Civitas Resources Inc's profitability ratios show a fluctuating trend over the past eight quarters.
The Operating return on assets (Operating ROA) has varied between 8.68% to 23.81% over this period, indicating the company's ability to generate operating profits from its assets has been somewhat inconsistent.
The Return on assets (ROA) has also shown fluctuations, ranging from 3.85% to 17.71%. This ratio reflects the overall profitability of the company in utilizing its total assets to generate earnings.
Return on total capital has exhibited significant variability, with values ranging from 11.16% to 33.26%. This metric highlights the return generated from all sources of capital, showing that the company has achieved high returns on its investments in some quarters.
Return on equity (ROE) has shown a mixed performance, varying from 5.84% to 26.64%. This ratio demonstrates how effectively the company is generating profits from shareholders' equity.
Overall, Civitas Resources Inc's profitability ratios suggest that while the company has experienced fluctuations in its profitability over the past eight quarters, it has generally been able to generate returns for its assets, capital, and equity, albeit with some variability. Further analysis and trend monitoring may be required to assess the long-term sustainability of these ratios.