Civitas Resources Inc (CIVI)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	784,277	763,314	1,029,432	1,358,966	1,248,155	1,129,950	764,815	270,675	178,917	75,856	38,441	24,858	103,528	79,403	112,056	191,980	106,436	111,338	118,808	82,645
Total stockholders’ equity	US$ in thousands	6,181,320	6,020,630	5,046,690	5,101,750	5,373,920	5,253,520	4,992,550	4,637,530	4,655,000	1,417,250	1,385,110	1,046,760	1,045,250	982,952	978,038	1,016,420	936,690	937,924	900,006	858,147
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%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $784,277K ÷ $6,181,320K
= 12.69%

The return on equity (ROE) of Civitas Resources Inc has shown fluctuation over the past eight quarters. ROE ranged from a low of 5.84% in Q1 2022 to a high of 26.64% in Q1 2023. The highest ROE was recorded in Q2 2023 at 20.40%, followed by 12.69% in Q4 2023 and 12.68% in Q3 2023. Overall, the ROE has displayed an upward trend since Q1 2022, indicating improved efficiency in generating profits relative to shareholders' equity. However, it is important to further analyze the company's financial performance and factors affecting ROE to better understand the fluctuations observed.