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