Civitas Resources Inc (CIVI)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 838,723 | 784,288 | 1,248,080 | 178,921 | 103,528 |
| Total stockholders’ equity | US$ in thousands | 6,628,750 | 6,181,320 | 5,373,920 | 4,655,000 | 1,045,250 |
| ROE | 12.65% | 12.69% | 23.22% | 3.84% | 9.90% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $838,723K ÷ $6,628,750K
= 12.65%
Based on the provided data, Civitas Resources Inc's return on equity (ROE) has varied over the past five years, showing fluctuations in performance. The ROE was 9.90% in December 31, 2020, declining to 3.84% by December 31, 2021. The company saw a significant improvement in ROE to 23.22% by December 31, 2022, indicating a strong performance. However, there was a slight decrease in ROE to 12.69% by December 31, 2023, followed by a similar ROE of 12.65% as of December 31, 2024.
Overall, the company's ROE has shown a mix of strengths and weaknesses over the period, with a notable recovery in 2022 after a decline in 2021. Further analysis would be needed to understand the factors driving these fluctuations and whether the company's performance is sustainable and aligned with industry norms.
Peer comparison
Dec 31, 2024