ConocoPhillips (COP)
Operating return on assets (Operating ROA)
| 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 income (ttm) | US$ in thousands | 25,065,000 | 25,903,000 | 29,173,000 | 33,653,000 | 36,311,000 | 35,782,000 | 31,966,000 | 27,985,000 | 22,718,000 | 17,439,000 | 12,892,000 | 8,363,000 | 4,746,000 | 6,735,000 | 11,178,000 | 13,657,000 | 17,980,000 | 19,215,000 | 18,347,000 | 18,183,000 |
| Total assets | US$ in thousands | 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 | 83,693,000 | 62,618,000 | 63,157,000 | 63,046,000 | 65,033,000 | 70,514,000 | 70,340,000 | 71,261,000 | 71,498,000 |
| Operating ROA | 26.13% | 27.66% | 32.56% | 36.80% | 38.70% | 37.73% | 34.12% | 29.99% | 25.06% | 19.98% | 15.10% | 9.99% | 7.58% | 10.66% | 17.73% | 21.00% | 25.50% | 27.32% | 25.75% | 25.43% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $25,065,000K ÷ $95,924,000K
= 26.13%
Conoco Phillips' operating return on assets (operating ROA) has shown a fluctuating trend over the past eight quarters. In Q4 2022, the operating ROA stood at 26.87%, representing a peak level during this period. Subsequently, there was a downward trend in the following quarters, reaching its lowest point in Q1 2023 at 15.37%. However, there was a gradual increase in the operating ROA from Q1 2023 to Q3 2023, with Q3 2023 reflecting the second-highest level at 16.51%.
Overall, despite the fluctuations, Conoco Phillips' operating ROA has remained relatively strong, indicating the company's ability to generate earnings from its assets. The variations in the operating ROA may have been influenced by factors such as changes in revenues, expenses, and asset utilization efficiency. Further analysis and comparison with industry benchmarks could provide additional insights into the company's operational performance.
Peer comparison
Dec 31, 2023