ConocoPhillips (COP)

Return on assets (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
Net income (ttm)	US$ in thousands	9,245,000	9,946,000	10,685,000	10,588,000	10,957,000	11,199,000	12,928,000	15,824,000	18,663,000	18,041,000	15,893,000	12,856,000	8,079,000	4,680,000	1,851,000	20,000	-2,701,000	-1,209,000	2,297,000	3,617,000
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
ROA		7.53%	10.29%	11.13%	11.10%	11.42%	11.96%	14.43%	17.31%	19.89%	19.02%	16.96%	13.78%	8.91%	5.36%	2.17%	0.03%	-4.31%	-1.91%	3.64%	5.56%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $9,245,000K ÷ $122,780,000K
= 7.53%

ConocoPhillips' return on assets (ROA) has displayed fluctuating trends over the past few years. Starting at 5.56% in March 2020, the ROA decreased in the subsequent quarters, reaching a negative territory in September 2020 and continuing to remain negative until March 2021. However, there was a notable turnaround in performance, with the ROA increasing steadily from June 2021 onwards, indicating improved efficiency in generating profits from its assets. The ROA peaked at 19.89% in December 2022 and has since moderated but remained above double digits through June 2024. Overall, the recent trend suggests that ConocoPhillips has been effectively utilizing its assets to generate profits, showcasing a positive financial performance.