Comstock Resources Inc (CRK)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -168,615 | 226,472 | 2,281,480 | 900,774 | 163,032 |
| Total assets | US$ in thousands | 6,382,100 | 6,253,620 | 5,694,260 | 4,668,230 | 4,623,980 |
| Operating ROA | -2.64% | 3.62% | 40.07% | 19.30% | 3.53% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-168,615K ÷ $6,382,100K
= -2.64%
The operating return on assets (ROA) for Comstock Resources Inc has exhibited significant fluctuations over the years. In December 2020, the operating ROA stood at 3.53%, indicating the company generated $0.0353 in operating income for every dollar of assets. This figure saw a notable increase to 19.30% by December 2021, showing improved operational efficiency and profitability.
By December 2022, the operating ROA surged to 40.07%, reflecting a substantial boost in the company's ability to generate profits from its assets. However, there was a sharp decline in performance by December 2023, with the operating ROA dropping to 3.62%. This decrease could suggest challenges or inefficiencies impacting the company's operations during that period.
Moreover, in December 2024, the operating ROA turned negative to -2.64%, indicating that the company's operational performance resulted in a loss rather than earnings in relation to its assets. This negative figure raises concerns about the company's profitability and operational effectiveness during that particular period.
Overall, the fluctuating trend in Comstock Resources Inc's operating ROA signifies varying levels of operational performance and efficiency over the years, reflecting both strengths and potential areas for improvement in managing and utilizing its assets to generate returns.
Peer comparison
Dec 31, 2024