Comstock Resources Inc (CRK)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -218,754 | 211,567 | 1,140,880 | -241,725 | -52,417 |
| Total assets | US$ in thousands | 6,382,100 | 6,253,620 | 5,694,260 | 4,668,230 | 4,623,980 |
| ROA | -3.43% | 3.38% | 20.04% | -5.18% | -1.13% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-218,754K ÷ $6,382,100K
= -3.43%
Based on the provided data, Comstock Resources Inc's return on assets (ROA) has shown significant fluctuations over the analyzed years. In 2020, the ROA was -1.13%, indicating that the company generated a negative return on its assets. The following year, in 2021, the ROA deteriorated further to -5.18%, suggesting a worsening performance in utilizing its assets effectively.
However, the company experienced a notable improvement in 2022 with an ROA of 20.04%, indicating a substantial increase in asset efficiency and profitability. This improvement may reflect better management of assets and operations during that period.
In 2023, the ROA decreased to 3.38%, indicating a slight decline in the company's ability to generate returns from its assets compared to the previous year. Finally, in 2024, the ROA fell to -3.43%, showing a negative return on assets and a decrease in asset efficiency.
Overall, Comstock Resources Inc's ROA has been volatile, with significant fluctuations in performance over the analyzed period. It is important for the company to focus on maintaining or improving its asset utilization efficiency to enhance profitability and sustainability in the long term.
Peer comparison
Dec 31, 2024