California Resources Corp (CRC)
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 | 376,000 | 531,000 | 164,000 | 253,000 | 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 |
| 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 |
| ROA | 5.27% | 7.45% | 3.65% | 6.47% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $376,000K ÷ $7,135,000K
= 5.27%
California Resources Corp's return on assets (ROA) has exhibited significant fluctuations over the past few years. The company experienced negative ROA figures in the range of -35.32% to -72.19% from March 2020 to December 2020, indicating operational inefficiencies and challenges in generating profits relative to its total assets during that period.
However, there has been a notable improvement in ROA from March 2021 to June 2022, showing values ranging from -16.26% to 20.71%. This suggests that the company managed to enhance its asset utilization and profitability during this time frame.
Subsequently, from September 2022 to December 2024, California Resources Corp's ROA fluctuated within a narrower range of 5.27% to 28.98%. Despite some intermittent decreases, the overall trend indicates a better performance in terms of generating profits from its assets compared to the earlier periods.
Overall, the company has shown a mix of negative and positive ROA figures, reflecting varying levels of efficiency in utilizing its assets to generate earnings during the analyzed period. Monitoring this ratio over time will be crucial to assess the company's continued financial performance and efficiency.
Peer comparison
Dec 31, 2024