Comstock Resources Inc (CRK)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -168,615 | -120,005 | -11,403 | 64,023 | 222,490 | 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 |
| Total assets | US$ in thousands | 6,382,100 | 6,313,010 | 6,324,520 | 6,317,240 | 6,469,400 | 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 |
| Operating ROA | -2.64% | -1.90% | -0.18% | 1.01% | 3.44% | 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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-168,615K ÷ $6,382,100K
= -2.64%
Comstock Resources Inc's operating return on assets (ROA) has exhibited significant fluctuations over the time period from March 31, 2020, to December 31, 2024. The operating ROA started at 5.72% in March 2020 and gradually decreased to a low of -2.64% by December 2024.
Throughout the period, there were phases of both growth and decline in operating ROA. The trend shows a general decline in the ROA from December 2022 onwards, with negative values recorded in the last two quarters of 2024.
The highest observed operating ROA was 40.00% in December 2022, followed by a notable decrease to 1.01% in March 2024 and further downturns to negative values in subsequent quarters.
This fluctuation in operating ROA indicates potential challenges in the company's operational efficiency and profitability during the latter part of the analyzed period. It suggests varying levels of success in generating profits from its assets, which may lead to implications for the company's financial performance and overall sustainability.
Peer comparison
Dec 31, 2024