Comstock Resources Inc (CRK)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	211,117	1,124,870	-241,725	-52,417	96,889
Total assets	US$ in thousands	6,253,620	5,694,260	4,668,230	4,623,980	4,657,120
ROA		3.38%	19.75%	-5.18%	-1.13%	2.08%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $211,117K ÷ $6,253,620K
= 3.38%

Comstock Resources, Inc. has shown a fluctuating trend in its return on assets (ROA) over the past five years. In 2023, the ROA was 3.39%, which represents a significant decrease from the previous year's figure of 19.75%. The positive ROA in 2023 indicates that the company generated a profit from its assets, albeit at a lower rate compared to the previous year.

In contrast, the company had negative ROA values in 2021 and 2020, indicating that it incurred losses relative to its asset base during those years. The most noteworthy improvement was seen in 2022 when the ROA increased to 19.75%, demonstrating a strong ability to generate profits from its assets.

Overall, the recent ROA performance of Comstock Resources, Inc. suggests some volatility in its profitability and efficiency in utilizing its assets to generate earnings. The company may benefit from focusing on strategies to sustainably improve its ROA and enhance overall financial performance in the future.