Crescent Energy Co (CRGY)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -114,605 | 67,610 | 480,600 | -432,227 | -216,124 |
| Total assets | US$ in thousands | 9,333,220 | 6,803,340 | 6,019,850 | 5,157,460 | 3,907,370 |
| ROA | -1.23% | 0.99% | 7.98% | -8.38% | -5.53% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-114,605K ÷ $9,333,220K
= -1.23%
Based on the provided data, Crescent Energy Co's return on assets (ROA) has shown significant fluctuations over the five-year period.
1. In December 31, 2020, the ROA was -5.53%, indicating that the company generated a negative return on its assets, implying inefficiency in asset utilization.
2. By December 31, 2021, the ROA worsened to -8.38%, suggesting a further decline in the company's ability to generate profits from its assets.
3. However, there was a notable turnaround by December 31, 2022, with the ROA improving to 7.98%, signaling a positive return on assets and a significant improvement in asset efficiency.
4. The positive trend continued in December 31, 2023, with an ROA of 0.99%, implying that the company continued to generate a modest return on its assets.
5. Unfortunately, by December 31, 2024, the ROA decreased to -1.23%, indicating a decline in the efficiency of asset utilization compared to the previous year.
Overall, Crescent Energy Co's ROA has been volatile, with the company swinging between positive and negative returns on its assets. It is essential for the company to focus on maintaining positive ROA figures consistently to ensure efficient utilization of its assets and sustainable profitability.
Peer comparison
Dec 31, 2024