Comstock Resources Inc (CRK)

Return on assets (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
Net income (ttm)	US$ in thousands	211,117	623,336	964,212	1,386,809	1,140,882	981,464	337,562	-219,024	-241,725	-520,203	-358,389	-228,570	-52,417	-79,224	54,059	125,342	96,889	92,072	99,104	43,694
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
ROA		3.38%	10.34%	16.52%	24.33%	20.04%	17.58%	6.38%	-4.61%	-5.18%	-10.64%	-7.52%	-4.83%	-1.13%	-1.76%	1.19%	2.70%	2.08%	2.02%	4.34%	1.97%

December 31, 2023 calculation

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

Comstock Resources, Inc.'s return on assets (ROA) has exhibited significant fluctuations over the past eight quarters. The company's ROA ranged from a low of -4.98% in Q1 2022 to a high of 24.12% in Q1 2023. Overall, the trend appears to be positive, with generally increasing ROA figures from Q1 2022 to Q1 2023. However, there was a notable decline in Q2 2022 following the peak in Q1 2023. This suggests that Comstock Resources, Inc. may have experienced operational challenges or changes in its asset utilization during that period. Further analysis of the company's financial performance and operations would be necessary to fully understand the factors driving these fluctuations in ROA.