Comstock Resources Inc (CRK)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,358,410 | 2,282,760 | 2,300,190 | 2,380,180 | 2,278,310 | 1,619,420 | 1,271,280 | 898,517 | 1,012,780 | 655,281 | 947,410 | 1,129,990 | 1,266,770 | 1,187,680 | 1,317,500 | 1,174,390 | 1,143,020 | 1,070,200 | 605,824 | 583,794 |
| ROE | 8.95% | 27.31% | 41.92% | 58.26% | 50.08% | 60.61% | 26.55% | -24.38% | -23.87% | -79.39% | -37.83% | -20.23% | -4.14% | -6.67% | 4.10% | 10.67% | 8.48% | 8.60% | 16.36% | 7.48% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $211,117K ÷ $2,358,410K
= 8.95%
The return on equity (ROE) of Comstock Resources, Inc. has varied significantly over the past eight quarters. In Q1 2023, the ROE was the highest at 57.77%, indicating the company generated $0.5777 in net income for every dollar of shareholder equity. This sharp increase in ROE from Q4 2022's 49.37% suggests improved profitability and efficiency in the company's operations.
However, the ROE in Q2 2023 and Q3 2023 saw a significant decline to 41.60% and 27.18%, respectively. Despite these decreases, the company still maintained a relatively strong ROE during these quarters, reflecting its ability to generate profits from the shareholders' investments.
Furthermore, in Q4 2023, the ROE decreased further to 8.98%, signaling a potential decline in profitability and efficiency compared to previous quarters. This downward trend in ROE could raise concerns about the company's ability to generate returns for its shareholders.
It is worth noting that in Q1 2022, Comstock Resources, Inc. reported a negative ROE of -22.03%, indicating that the company incurred losses during that period. The subsequent improvement in ROE over the following quarters demonstrates the company's efforts to enhance its financial performance.
Overall, while Comstock Resources, Inc. has shown fluctuations in its ROE in the past eight quarters, it is essential for investors and stakeholders to monitor the company's profitability and efficiency closely to assess its financial health and performance in the future.
Peer comparison
Dec 31, 2023