Comstock Resources Inc (CRK)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 97.50% | 98.51% | 93.50% | 94.74% | 89.25% |
| Operating profit margin | 14.31% | 83.03% | 161.74% | 25.78% | 41.72% |
| Pretax margin | 15.55% | 51.02% | -41.36% | -9.74% | 18.93% |
| Net profit margin | 13.33% | 40.94% | -43.40% | -8.29% | 14.71% |
Comstock Resources, Inc. has experienced fluctuations in its profitability ratios over the past five years.
The gross profit margin has remained consistently high at 100% from 2019 to 2023, indicating that the company has been able to effectively manage its production costs and maintain a strong pricing strategy.
The operating profit margin shows more variability, with a significant decrease from 2019 to 2020, followed by a sharp increase in 2022 and a slight decline in 2023. This suggests fluctuations in the company's operating efficiency and cost management during this period.
The pretax margin also exhibits significant volatility, with negative margins in 2021 and 2020, indicating that the company incurred losses before accounting for taxes during those years. However, there was a notable recovery in 2022 and 2023, signaling improvements in the company's financial performance.
The net profit margin demonstrates a similar pattern of inconsistency, with negative margins in 2021 and 2020, but positive margins in the subsequent years. Despite the fluctuations, the company was able to achieve a double-digit net profit margin in 2023, indicating a reasonable level of profitability.
Overall, Comstock Resources, Inc. has shown a mix of strong profitability and financial challenges in recent years, highlighting the importance of closely monitoring and managing key financial ratios to ensure sustainable performance.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 3.62% | 40.07% | 19.30% | 3.53% | 5.90% |
| Return on assets (ROA) | 3.38% | 19.75% | -5.18% | -1.13% | 2.08% |
| Return on total capital | 8.31% | 35.50% | -0.33% | 4.58% | 7.86% |
| Return on equity (ROE) | 8.95% | 49.37% | -23.87% | -4.14% | 8.48% |
Comstock Resources, Inc.'s profitability ratios show varying levels of performance over the past five years.
1. Operating Return on Assets (Operating ROA): This ratio indicates the company's ability to generate operating income from its assets. The trend for Operating ROA shows fluctuations, with a significant increase in 2022, followed by a slight decrease in 2023. The company's Operating ROA was relatively stable in 2021 compared to previous years, suggesting efficient asset utilization in generating operating profits.
2. Return on Assets (ROA): ROA reflects the company's overall profitability by measuring its ability to generate earnings from its total assets. Comstock Resources, Inc. showed negative ROA in 2021, indicating that the company experienced a net loss relative to its assets. However, the company improved its ROA in the subsequent years, reaching positive values in 2022 and 2023.
3. Return on Total Capital: This ratio evaluates the company's profitability in relation to both debt and equity capital. Comstock Resources, Inc. witnessed a significant increase in Return on Total Capital in 2022, followed by a slight decline in 2023. This suggests that the company efficiently utilized its total capital to generate profits during these years.
4. Return on Equity (ROE): ROE measures the company's ability to generate a return on the shareholders' equity. Comstock Resources, Inc. experienced negative ROE in 2021, indicating that the company incurred a net loss relative to its shareholders' equity. However, there was a significant improvement in ROE in 2022 and 2023, showcasing enhanced profitability and shareholder value.
In conclusion, while Comstock Resources, Inc. exhibited fluctuations in its profitability ratios over the past five years, the company managed to improve its performance in certain key areas such as ROA, Return on Total Capital, and ROE, indicating a positive trend in overall profitability and efficiency in capital utilization. Further analysis and monitoring of these ratios will be essential to assess the company's future financial performance and strategic decisions.