California Resources Corp (CRC)

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	808,000	657,000	1,263,000	1,394,000	812,000	1,012,000	543,000	175,000	291,000	-147,000	-282,000	-307,000	-1,883,000	-1,675,000	-1,514,000	-1,277,000	429,000	792,000	829,000	718,000
Total assets	US$ in thousands	3,998,000	3,952,000	3,900,000	4,000,000	3,967,000	3,986,000	4,018,000	4,032,000	3,846,000	3,342,000	3,240,000	3,180,000	3,074,000	4,856,000	4,930,000	4,974,000	6,958,000	7,035,000	7,032,000	7,230,000
Operating ROA		20.21%	16.62%	32.38%	34.85%	20.47%	25.39%	13.51%	4.34%	7.57%	-4.40%	-8.70%	-9.65%	-61.26%	-34.49%	-30.71%	-25.67%	6.17%	11.26%	11.79%	9.93%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $808,000K ÷ $3,998,000K
= 20.21%

California Resources Corporation's operating return on assets (operating ROA) has fluctuated over the past five quarters. In Q2 2023, the operating ROA reached its peak at 32.15%, reflecting strong operational efficiency in generating profits from its assets. However, this figure decreased in subsequent quarters to 16.37% in Q3 2023 and 19.26% in Q4 2023. Despite these fluctuations, the operating ROA remained relatively robust compared to the previous year, as evidenced by the Q4 2022 figure of 19.01%. Overall, while there have been variations in operating ROA, California Resources Corporation has demonstrated consistent effectiveness in utilizing its assets to generate operating profits.