California Resources Corp (CRC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 564,000 | 459,000 | 907,000 | 1,000,000 | 524,000 | 1,155,000 | 832,000 | 531,000 | 612,000 | -225,000 | -357,000 | -517,000 | -2,219,000 | -2,163,000 | -2,040,000 | -1,757,000 | -28,000 | 385,000 | 357,000 | 263,000 |
| 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 |
| ROA | 14.11% | 11.61% | 23.26% | 25.00% | 13.21% | 28.98% | 20.71% | 13.17% | 15.91% | -6.73% | -11.02% | -16.26% | -72.19% | -44.54% | -41.38% | -35.32% | -0.40% | 5.47% | 5.08% | 3.64% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $564,000K ÷ $3,998,000K
= 14.11%
To analyze California Resources Corporation's return on assets (ROA) based on the provided data, we can observe fluctuations in the ROA over the five quarters.
In Q1 2023, the ROA was relatively high at 25.00%, indicating that for every dollar of assets the company had, it generated 25 cents in net income. This suggests efficiency in asset utilization and profitability.
In Q2 2023, the ROA significantly increased to 23.26%, also reflecting strong asset utilization and profitability.
In Q3 2023, the ROA decreased to 11.61%, indicating a decline in the company's ability to generate earnings from its assets compared to the previous quarter. This may raise concerns about operational efficiency or changes in the company's asset base.
However, in Q4 2023, the ROA bounced back to 14.11%, though still below the levels seen in Q1 and Q2. This improvement suggests a potential rebound in asset efficiency and profitability.
Overall, California Resources Corporation's ROA has shown fluctuations over the quarters, with some periods indicating strong asset performance and profitability while others showing a decline. It is important for the company to assess the reasons behind these fluctuations to maintain sustainable asset utilization and profitability in the future.
Peer comparison
Dec 31, 2023