Crescent Energy Co (CRGY)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 218,462 | 324,740 | 1,284,160 | 483,739 | -126,072 |
| Total assets | US$ in thousands | 9,333,220 | 6,803,340 | 6,019,850 | 5,157,460 | 3,907,370 |
| Operating ROA | 2.34% | 4.77% | 21.33% | 9.38% | -3.23% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $218,462K ÷ $9,333,220K
= 2.34%
The operating return on assets (ROA) of Crescent Energy Co has shown some variability over the years. It was -3.23% as of December 31, 2020, indicating that the company generated a negative return on its assets for that period. However, the trend improved significantly in the following years. By December 31, 2021, the operating ROA increased to 9.38%, reflecting a turnaround in the company's asset efficiency.
The positive momentum continued into December 31, 2022, with a notable surge in the operating ROA to 21.33%. This sharp improvement suggests that Crescent Energy Co was able to generate substantial operating profits relative to its asset base. However, the operating ROA declined in the subsequent years, settling at 4.77% by December 31, 2023, and further dropping to 2.34% by December 31, 2024.
Overall, the analysis of Crescent Energy Co's operating ROA indicates a mix of performance levels over the years, with a notable improvement in asset efficiency from 2020 to 2022, followed by a decline in the subsequent years. This trend suggests fluctuations in the company's ability to generate operating profits relative to its total assets during the period under review.
Peer comparison
Dec 31, 2024