Comstock Resources Inc (CRK)

Return on assets (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
Net income (ttm)	US$ in thousands	-218,754	-63,145	-19,534	61,070	211,894	623,336	958,462	1,376,696	1,130,769	966,940	328,788	-223,435	-246,136	-524,603	-362,789	-232,970	-56,817	-79,224	54,059	125,253
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
ROA		-3.43%	-1.00%	-0.31%	0.97%	3.28%	10.34%	16.42%	24.15%	19.86%	17.32%	6.22%	-4.70%	-5.27%	-10.73%	-7.61%	-4.92%	-1.23%	-1.76%	1.19%	2.70%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-218,754K ÷ $6,382,100K
= -3.43%

Comstock Resources Inc's return on assets (ROA) has exhibited significant fluctuations over the past few years. From March 31, 2020, to December 31, 2021, the ROA was mostly negative, indicating that the company was not efficiently utilizing its assets to generate profits during this period.

However, starting from June 30, 2022, there was a noticeable improvement in the ROA, with positive percentages recorded in the subsequent quarters. This positive trend peaked at 24.15% on March 31, 2023, suggesting that the company had successfully enhanced its profitability relative to its asset base.

Although there was a slight decline in ROA in the following quarters, the percentages remained positive until June 30, 2024. The negative ROA figures recorded from September 30, 2024, to December 31, 2024, indicate a decrease in profitability relative to the company's assets during this period.

Overall, the analysis reveals a mix of positive and negative ROA figures, signifying fluctuations in Comstock Resources Inc's ability to generate earnings from its assets. Continued monitoring of the ROA trend will be essential to assess the company's ongoing financial performance.