Coterra Energy Inc (CTRA)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,154,000 | 5,209,000 | 1,564,000 | 296,000 | 956,000 |
| Total assets | US$ in thousands | 20,415,000 | 20,154,000 | 19,900,000 | 4,524,000 | 4,487,240 |
| Operating ROA | 10.55% | 25.85% | 7.86% | 6.54% | 21.30% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $2,154,000K ÷ $20,415,000K
= 10.55%
Coterra Energy Inc's operating return on assets (ROA) has fluctuated over the past five years. The operating ROA was 10.49% in 2023, a decrease from the previous year's figure of 25.85%. This decline suggests that the company's ability to generate operating income from its assets decreased in 2023 compared to 2022.
Looking further back, the operating ROA was 7.87% in 2021 and 6.54% in 2020, showing a gradual improvement over those two years. However, in 2019, the operating ROA was notably higher at 19.54%, indicating a strong performance in that year.
Overall, Coterra Energy Inc's operating ROA has shown variability over the past five years, with fluctuations in the company's operating income generation efficiency from its assets. It is important for stakeholders to monitor these trends and assess underlying factors influencing the company's operating ROA performance.
Peer comparison
Dec 31, 2023