Crescent Energy Co (CRGY)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 67,610 | 96,674 | -19,376 |
| Total stockholders’ equity | US$ in thousands | 3,635,720 | 3,298,990 | 3,019,660 |
| ROE | 1.86% | 2.93% | -0.64% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $67,610K ÷ $3,635,720K
= 1.86%
Crescent Energy Co's return on equity (ROE) has experienced fluctuations over the past three years. In 2023, the ROE decreased to 1.86% from 2.93% in 2022, indicating a decline in the company's profitability relative to its shareholder equity. Despite the decrease, the ROE remained positive, albeit at a lower level.
Comparing to 2021, where the ROE was negative at -0.64%, the company has shown an improvement in its profitability and efficiency in generating returns for shareholders in both 2022 and 2023.
It is important for Crescent Energy Co to continue monitoring and improving its ROE to ensure sustainable growth and value creation for its shareholders. The management should focus on enhancing operational efficiency, effective capital allocation, and maximizing profitability to drive higher returns on equity in the future.
Peer comparison
Dec 31, 2023