Comstock Resources Inc (CRK)
Operating return on assets (Operating ROA)
| 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 226,597 | 696,436 | 1,420,247 | 2,086,431 | 2,277,583 | 2,055,773 | 1,580,441 | 1,077,820 | 900,774 | 704,707 | 421,326 | 278,741 | 163,032 | 161,974 | 225,969 | 265,679 | 274,886 | 254,655 | 212,876 | 176,654 |
| Total assets | US$ in thousands | 6,253,620 | 6,031,110 | 5,836,730 | 5,700,880 | 5,694,260 | 5,584,360 | 5,288,190 | 4,749,700 | 4,668,230 | 4,887,140 | 4,764,250 | 4,735,150 | 4,623,980 | 4,502,850 | 4,533,420 | 4,643,740 | 4,657,120 | 4,552,310 | 2,282,900 | 2,221,890 |
| Operating ROA | 3.62% | 11.55% | 24.33% | 36.60% | 40.00% | 36.81% | 29.89% | 22.69% | 19.30% | 14.42% | 8.84% | 5.89% | 3.53% | 3.60% | 4.98% | 5.72% | 5.90% | 5.59% | 9.32% | 7.95% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $226,597K ÷ $6,253,620K
= 3.62%
Comstock Resources, Inc.'s operating return on assets (operating ROA) has shown volatility over the past eight quarters. The operating ROA ranged from a low of 3.62% in Q4 2023 to a high of 40.06% in the same period of the previous year. This indicates fluctuations in the company's ability to generate operating income from its assets.
The general trend shows a decline in operating ROA from Q1 2023 to Q4 2023, with a significant drop from 36.65% to 3.62%. This could suggest a decrease in operating efficiency or profitability relative to the company's asset base in the most recent quarter.
Comparing the latest operating ROA to historical performance, the current value of 3.62% is the lowest in the given period. This may raise concerns about the company's operational performance and its ability to generate profits from its assets.
Overall, a declining trend in operating return on assets for Comstock Resources, Inc. suggests a need for further analysis to identify the reasons behind the decrease and potential areas for improvement in operational efficiency and profitability.
Peer comparison
Dec 31, 2023