ConocoPhillips (COP)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 16,807,000 | 17,884,000 | 18,616,000 | 21,539,000 | 21,833,000 | 23,253,000 | 23,429,000 | 24,644,000 | 27,950,000 | 27,097,000 | 23,083,000 | 18,243,000 | 12,167,000 | 6,485,000 | 2,768,000 | -969,000 | -1,800,000 | 821,000 | 2,513,000 | 5,419,000 |
| Total assets | US$ in thousands | 122,780,000 | 96,699,000 | 95,994,000 | 95,348,000 | 95,924,000 | 93,651,000 | 89,605,000 | 91,441,000 | 93,829,000 | 94,837,000 | 93,693,000 | 93,308,000 | 90,661,000 | 87,304,000 | 85,403,000 | 62,618,000 | 62,618,000 | 63,157,000 | 63,046,000 | 65,033,000 |
| Operating ROA | 13.69% | 18.49% | 19.39% | 22.59% | 22.76% | 24.83% | 26.15% | 26.95% | 29.79% | 28.57% | 24.64% | 19.55% | 13.42% | 7.43% | 3.24% | -1.55% | -2.87% | 1.30% | 3.99% | 8.33% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $16,807,000K ÷ $122,780,000K
= 13.69%
ConocoPhillips' operating return on assets (Operating ROA) has shown fluctuations over the periods analyzed. The trend indicates an improvement in operating performance from negative values to positive values, peaking at 29.79% as of December 31, 2022. This signifies the company's ability to generate operating income relative to its total assets, showcasing efficiency in asset utilization.
However, the metric experienced some decline in the latter periods, reaching 13.69% by December 31, 2024. Despite the decrease, the operating ROA remained positive, indicating that ConocoPhillips continued to generate operating income from its asset base during the period.
Overall, the upward trend followed by a slight decline in the operating ROA of ConocoPhillips suggests fluctuations in operational efficiency and profitability over the analyzed periods. It is essential for stakeholders to monitor these trends to assess the company's ability to generate operating profits relative to its asset base effectively.
Peer comparison
Dec 31, 2024