Coterra Energy Inc (CTRA)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	2,154,000	2,872,000	3,954,000	5,287,000	5,209,000	5,152,000	3,743,000	2,188,000	1,564,000	488,892	384,359	384,075	295,476	354,793	492,103	689,192	955,750	1,074,219	1,120,493	947,717
Total assets	US$ in thousands	20,415,000	20,101,000	19,879,000	20,139,000	20,154,000	20,305,000	20,647,000	20,327,000	19,900,000	4,730,700	4,610,570	4,550,850	4,524,000	4,419,300	4,527,870	4,522,180	4,487,240	4,442,660	4,563,730	4,481,550
Operating ROA		10.55%	14.29%	19.89%	26.25%	25.85%	25.37%	18.13%	10.76%	7.86%	10.33%	8.34%	8.44%	6.53%	8.03%	10.87%	15.24%	21.30%	24.18%	24.55%	21.15%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,154,000K ÷ $20,415,000K
= 10.55%

Coterra Energy Inc's operating return on assets (operating ROA) has exhibited fluctuating trends over the last eight quarters. In Q1 2022, the operating ROA was at 10.76%, gradually increasing to 26.24% by Q1 2023. This peak was followed by a slight decline in Q2 2023 but then surged again in Q3 2023 to 14.23%. However, in Q4 2023, there was a notable decrease to 10.49%.

Overall, Coterra Energy Inc's operating ROA has shown variability, with peaks in performance in the past year but also some periods of decline. This indicates that the company's efficiency in generating profits from its assets has been mixed, requiring further analysis to understand the underlying factors driving these fluctuations.