California Resources Corp (CRC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 376,000 | 564,000 | 524,000 | 612,000 | -28,000 |
| Total assets | US$ in thousands | 7,135,000 | 3,998,000 | 3,967,000 | 3,846,000 | 6,958,000 |
| ROA | 5.27% | 14.11% | 13.21% | 15.91% | -0.40% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $376,000K ÷ $7,135,000K
= 5.27%
California Resources Corp's return on assets (ROA) has shown significant fluctuations over the years. Starting at a negative ROA of -0.40% in December 2019, the company has improved its performance substantially, with ROA reaching 15.91% by December 2021. In the subsequent years, the ROA remained relatively high, at 13.21% in December 2022 and 14.11% in December 2023. However, there was a notable decline in ROA to 5.27% by December 2024.
Overall, the company's ROA performance indicates variability in its ability to generate profits relative to its total assets. The improvement in ROA from a negative value to double-digit percentages demonstrates a positive trend in the company's efficiency in utilizing its assets to generate earnings. However, the decline in ROA in 2024 suggests a potential slowdown in asset productivity and profitability that may require further analysis and monitoring.
Peer comparison
Dec 31, 2024