Coterra Energy Inc (CTRA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,121,000 | 1,625,000 | 4,065,000 | 1,158,000 | 201,000 |
| Total assets | US$ in thousands | 21,625,000 | 20,415,000 | 20,154,000 | 19,900,000 | 4,524,000 |
| ROA | 5.18% | 7.96% | 20.17% | 5.82% | 4.44% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,121,000K ÷ $21,625,000K
= 5.18%
Coterra Energy Inc's return on assets (ROA) has shown a fluctuating trend over the years based on the data provided.
- ROA on December 31, 2020, stood at 4.44%, indicating that the company generated 4.44 cents of profit for every dollar of assets it possessed at that time.
- By December 31, 2021, the ROA improved to 5.82%, reflecting a positive trend in the company's asset utilization and profitability.
- The ROA experienced a significant surge by December 31, 2022, reaching 20.17%. This sharp increase suggests a substantial improvement in the company's efficiency in generating profits from its assets.
- However, by December 31, 2023, the ROA decreased to 7.96%, indicating a decline in the company's ability to generate earnings with its existing asset base.
- Finally, as of December 31, 2024, the ROA decreased further to 5.18%, showing a continued contraction in the company's profitability relative to its asset base compared to the previous year.
In conclusion, Coterra Energy Inc's ROA has shown fluctuations over the years, with notable improvements and declines in asset profitability. Further analysis and investigation would be required to understand the underlying factors driving these changes in ROA.
Peer comparison
Dec 31, 2024