California Resources Corp (CRC)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 564,000 | 524,000 | 612,000 | -28,000 | 328,000 |
| Total stockholders’ equity | US$ in thousands | 2,219,000 | 1,864,000 | 1,688,000 | -389,000 | -361,000 |
| ROE | 25.42% | 28.11% | 36.26% | — | — |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $564,000K ÷ $2,219,000K
= 25.42%
California Resources Corporation's return on equity (ROE) has shown a declining trend over the past three years, as evidenced by the decreasing ROE figures of 36.26% in 2021, 28.11% in 2022, and 25.42% in 2023. This indicates a decrease in the company's profitability relative to its shareholders' equity over the period analyzed. A declining ROE could be attributed to a variety of factors such as decreasing net income or inefficient utilization of the company's assets to generate profits. It may be necessary for stakeholders to further investigate the reasons behind this trend to identify potential areas for improvement and ensure sustainable long-term profitability.
Peer comparison
Dec 31, 2023