Crescent Energy Co (CRGY)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 214,583 | 363,539 | 308,192 | 324,740 | 460,067 | 736,100 | 1,171,904 | 1,284,165 | 1,341,844 | |||
| Total assets | US$ in thousands | 9,250,430 | 7,480,820 | 6,797,920 | 6,803,340 | 6,986,430 | 6,148,260 | 6,111,710 | 6,019,850 | 6,229,590 | 6,273,670 | 6,174,490 | 5,157,460 |
| Operating ROA | 2.32% | 4.86% | 4.53% | 4.77% | 6.59% | 11.97% | 19.17% | 21.33% | 21.54% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $214,583K ÷ $9,250,430K
= 2.32%
Crescent Energy Co's operating return on assets (ROA) has displayed a declining trend over the most recent quarters. The operating ROA decreased from 21.54% in September 2022 to 2.32% in September 2024. This indicates a significant decrease in the company's ability to generate operating income relative to its total assets.
The declining trend in operating ROA may suggest inefficiencies in the company's operations or a decrease in the profitability of its assets. Factors such as increased operating expenses, lower revenue generation, or underutilization of assets could contribute to this decline.
It is important for Crescent Energy Co to closely monitor and address the factors impacting its operating ROA to improve operational efficiency and profitability. Management may need to implement cost-cutting measures, optimize asset utilization, or explore new revenue streams to reverse the downward trend in operating ROA and enhance overall financial performance.
Peer comparison
Sep 30, 2024