Coterra Energy Inc (CTRA)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,389,000 | 2,154,000 | 5,209,000 | 1,564,000 | 296,000 |
| Total assets | US$ in thousands | 21,625,000 | 20,415,000 | 20,154,000 | 19,900,000 | 4,524,000 |
| Operating ROA | 6.42% | 10.55% | 25.85% | 7.86% | 6.54% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,389,000K ÷ $21,625,000K
= 6.42%
Coterra Energy Inc's operating return on assets (operating ROA) has displayed varying trends over the years based on the provided data.
In 2020, the operating ROA stood at 6.54%, indicating that for every dollar of assets the company generated 6.54 cents in operating income.
By the end of 2021, the operating ROA improved to 7.86%, reflecting a positive trajectory in utilizing its assets more efficiently to generate operating profits.
The year 2022 saw a significant spike in the operating ROA to 25.85%, showcasing a substantial improvement in asset utilization and operational efficiency.
However, in 2023, there was a slight decline in the operating ROA to 10.55%, suggesting a potential decrease in operating income relative to the company's assets.
Finally, by the end of 2024, the operating ROA fell to 6.42%, which is lower than the levels observed in 2021 and 2022, indicating a potential challenge in maintaining or improving asset efficiency for generating operating profits.
Overall, Coterra Energy Inc's operating ROA has shown fluctuations, and monitoring this ratio over time can provide insights into the company's ability to generate operating profits from its asset base.
Peer comparison
Dec 31, 2024