ConocoPhillips (COP)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 9,245,000 | 10,957,000 | 18,680,000 | 8,079,000 | -2,655,000 |
| Total assets | US$ in thousands | 122,780,000 | 95,924,000 | 93,829,000 | 90,661,000 | 62,618,000 |
| ROA | 7.53% | 11.42% | 19.91% | 8.91% | -4.24% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $9,245,000K ÷ $122,780,000K
= 7.53%
ConocoPhillips' return on assets (ROA) has shown a varying trend over the years. The ROA was negative at -4.24% as of December 31, 2020, indicating inefficiency in generating profits relative to its total assets. However, the company significantly improved its performance in the following years, with ROA reaching 8.91% by December 31, 2021, and demonstrating continued growth to 19.91% by December 31, 2022.
Subsequently, ConocoPhillips experienced a minor decline in ROA to 11.42% by December 31, 2023, before further decreasing to 7.53% by December 31, 2024. While the company's ROA remained positive during this period, the declining trend suggests a potential decrease in profitability relative to its assets in the later years. It is essential for stakeholders to monitor ConocoPhillips' asset utilization and profitability to assess the company's efficiency in generating returns from its assets.
Peer comparison
Dec 31, 2024