California Resources Corp (CRC)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,219,000 | 2,050,000 | 2,110,000 | 2,092,000 | 1,864,000 | 1,855,000 | 1,517,000 | 1,433,000 | 1,688,000 | 1,052,000 | 893,000 | 1,046,000 | 1,138,000 | -2,341,000 | -2,452,000 | -2,183,000 | -389,000 | -308,000 | -408,000 | -426,000 |
| ROE | 25.42% | 22.39% | 42.99% | 47.80% | 28.11% | 62.26% | 54.85% | 37.06% | 36.26% | -21.39% | -39.98% | -49.43% | -194.99% | — | — | — | — | — | — | — |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $564,000K ÷ $2,219,000K
= 25.42%
The return on equity (ROE) for California Resources Corporation has exhibited fluctuations over the past five quarters. The ROE was at its highest in Q1 2023 at 47.80%, followed by a slightly lower ROE in Q2 2023 at 42.99%. However, there was a decrease in ROE in Q3 2023 to 22.39%, but it subsequently increased in Q4 2023 to 25.42%. Comparing these figures to the previous year's Q4 2022 ROE of 28.11%, it indicates a slight decrease. Overall, the ROE trend shows variability, with some quarters showing higher returns on equity than others. Further analysis of the company's operational and financial performance would be needed to understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2023