California Resources Corp (CRC)
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 | 620,000 | 835,000 | 302,000 | 411,000 | 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 |
| Total assets | US$ in thousands | 7,135,000 | 7,128,000 | 4,490,000 | 3,910,000 | 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 |
| Operating ROA | 8.69% | 11.71% | 6.73% | 10.51% | 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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $620,000K ÷ $7,135,000K
= 8.69%
Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's ability to generate earnings from its operational activities relative to its total assets. As per the provided data for California Resources Corp, the operating ROA has shown significant fluctuations over consecutive quarters.
From March 31, 2020, to December 31, 2021, the operating ROA remained consistently negative, indicating that the company was not efficiently utilizing its assets to generate operating income during this period. However, there was a notable turnaround starting from March 31, 2022, when the operating ROA turned positive and showed an improving trend throughout the following quarters, reaching its peak at 34.85% by March 31, 2023.
Subsequently, the operating ROA experienced some variability but generally remained positive up to December 31, 2024. This upward trend in the operating ROA signifies that California Resources Corp has been able to enhance its operational efficiency and generate higher earnings from its asset base over these quarters.
Overall, the positive trajectory of the operating ROA from 2022 onwards suggests a promising operational performance for California Resources Corp, demonstrating the company's improved ability to utilize its assets effectively and generate operating profits.
Peer comparison
Dec 31, 2024