Comstock Resources Inc (CRK)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 226,597 | 2,281,480 | 900,774 | 163,032 | 274,886 |
| Total assets | US$ in thousands | 6,253,620 | 5,694,260 | 4,668,230 | 4,623,980 | 4,657,120 |
| Operating ROA | 3.62% | 40.07% | 19.30% | 3.53% | 5.90% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $226,597K ÷ $6,253,620K
= 3.62%
The operating return on assets (operating ROA) of Comstock Resources, Inc. has fluctuated significantly over the past five years. In 2022, the company experienced a substantial increase in operating ROA to 40.06%, indicating a high efficiency in generating operating income relative to its total assets. However, this strong performance was not sustained, as the operating ROA dropped to 3.62% in 2023.
Compared to the years 2021 (22.77%), 2020 (3.53%), and 2019 (5.90%), the operating ROA in 2023 is notably lower. This downward trend suggests a potential decline in the company's ability to generate profits from its assets through its core operations. Further analysis and investigation into the company's operational efficiency and asset utilization would be necessary to identify the underlying reasons for this decrease in operating ROA.
Peer comparison
Dec 31, 2023