Crescent Energy Co (CRGY)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 67,610 | 96,674 | -19,376 |
| Total assets | US$ in thousands | 6,803,340 | 6,019,850 | 5,157,460 |
| ROA | 0.99% | 1.61% | -0.38% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $67,610K ÷ $6,803,340K
= 0.99%
The return on assets (ROA) for Crescent Energy Co has shown fluctuating trends over the past three years. In 2023, the ROA stands at 0.99%, a decrease from the previous year's 1.61%. This decline indicates that the company's ability to generate profits from its assets has slightly weakened.
Despite the drop in 2023, it is essential to note that the ROA had a significant improvement from a negative -0.38% in 2021 to positive figures in 2022 and 2023. The positive trend in the last two years suggests that Crescent Energy Co has been more efficient in utilizing its assets to generate earnings.
Further analysis and comparison with industry standards would provide a better understanding of the company's performance and efficiency in utilizing its assets to generate returns for its shareholders.
Peer comparison
Dec 31, 2023