Comstock Resources Inc (CRK)
Return on equity (ROE)
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 stockholders’ equity | US$ in thousands | 2,241,020 | 2,295,270 | 2,320,320 | 2,445,960 | 2,358,410 | 2,282,760 | 2,300,190 | 2,380,180 | 2,278,310 | 1,794,420 | 1,446,280 | 1,073,520 | 1,187,780 | 830,281 | 1,122,410 | 1,304,990 | 1,441,770 | 1,362,680 | 1,317,500 | 1,556,480 |
ROE | -9.76% | -2.75% | -0.84% | 2.50% | 8.98% | 27.31% | 41.67% | 57.84% | 49.63% | 53.89% | 22.73% | -20.81% | -20.72% | -63.18% | -32.32% | -17.85% | -3.94% | -5.81% | 4.10% | 8.05% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-218,754K ÷ $2,241,020K
= -9.76%
Comstock Resources Inc's return on equity (ROE) has displayed significant fluctuations over the reported periods.
The ROE started positively at 8.05% as of March 31, 2020, but then experienced a decline, reaching negative ROE figures by September 2020 (-5.81%) and remaining negative up to December 2021.
The performance deteriorated further in the following periods, with the ROE hitting its lowest point at -63.18% on September 30, 2021. This indicates that the company was not efficiently utilizing its equity to generate profits during that time.
However, a turnaround began in the second half of 2022, when the ROE started to improve significantly, reaching 53.89% by September 30, 2022. This positive trend continued into 2023, with ROE figures consistently rising, indicating a better utilization of equity to generate profits.
By December 31, 2023, the ROE stood at 8.98%, representing a notable recovery from the previous periods of negative returns. The positive momentum continued into the first quarter of 2024, with a ROE of 2.50%.
However, the ROE turned negative again in the subsequent periods, ending at -9.76% as of December 31, 2024. This decline suggests that the company may have faced challenges in maintaining profitability relative to its equity in the face of changing market conditions or operational issues.
Overall, the fluctuating pattern of ROE indicates variability in the company's ability to generate returns for its shareholders and underscores the importance of monitoring financial performance over time to assess the company's profitability and efficiency in utilizing its equity.
Peer comparison
Dec 31, 2024