California Resources Corp (CRC)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,538,000 | 2,219,000 | 1,864,000 | 1,688,000 | -389,000 |
| ROE | 10.63% | 25.42% | 28.11% | 36.26% | — |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $376,000K ÷ $3,538,000K
= 10.63%
California Resources Corp's Return on Equity (ROE) has shown a fluctuating trend over the years. In 2019, the ROE was not available (\u2014), indicating a lack of data or an undefined value. Subsequently, the ROE improved significantly to 36.26% by December 31, 2021, demonstrating a strong performance in generating profits relative to shareholders' equity.
However, in the following years, the ROE experienced a decreasing trend. By December 31, 2022, the ROE decreased to 28.11%, and further declined to 25.42% by December 31, 2023. This downward trend suggests a decline in the company's ability to generate profits from its equity base efficiently.
By December 31, 2024, California Resources Corp's ROE dropped to 10.63%, indicating a significant decrease compared to previous years. This decline could be attributed to various factors such as changes in the company's profitability, leverage, or asset turnover.
Overall, the fluctuating trend in California Resources Corp's ROE over the years indicates varying levels of profitability and efficiency in utilizing shareholders' equity to generate returns. Further analysis of the company's financial performance and operational factors would be necessary to understand the reasons behind these fluctuations and to assess the sustainability of its ROE levels.
Peer comparison
Dec 31, 2024