Crescent Energy Co (CRGY)

Return on assets (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
Net income (ttm)	US$ in thousands	58,969	16,044	-16,352	67,610	20,865	192,096	241,468	96,674	68,508
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
ROA		0.64%	0.21%	-0.24%	0.99%	0.30%	3.12%	3.95%	1.61%	1.10%

September 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $58,969K ÷ $9,250,430K
= 0.64%

Crescent Energy Co's return on assets (ROA) has shown significant fluctuations over the past few quarters. The ROA ranged from -0.24% in March 2024 to a high of 3.95% in March 2023.

The negative ROA in March 2024 indicates that the company's assets were not generating a positive return during that period. However, the ROA improved in subsequent quarters, with a notable increase to 3.95% in March 2023.

It is essential to note that the company's ROA in September 2024 was 0.64%, reflecting a modest return on its assets. This indicates that Crescent Energy Co's profitability in relation to its total assets has improved when compared to the previous quarter.

Overall, Crescent Energy Co's ROA has exhibited variability, showcasing the company's ability to effectively utilize its assets to generate profits, but also highlighting periods of underperformance. Further analysis and examination of the company's financial and operational strategies may be needed to understand the reasons behind these fluctuations in ROA.