Coterra Energy Inc (CTRA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,625,000 | 4,065,000 | 1,158,000 | 201,000 | 681,000 |
| Total assets | US$ in thousands | 20,415,000 | 20,154,000 | 19,900,000 | 4,524,000 | 4,487,240 |
| ROA | 7.96% | 20.17% | 5.82% | 4.44% | 15.18% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,625,000K ÷ $20,415,000K
= 7.96%
Coterra Energy Inc's Return on Assets (ROA) has experienced fluctuations over the past five years. In 2023, the ROA stands at 7.94%, showing a significant decrease from the previous year's 20.13%. The lower ROA in 2023 may indicate a potential decline in the company's ability to generate profits from its assets compared to the previous year.
Looking back at the trend, the ROA was 5.80% in 2021, 4.43% in 2020, and 15.18% in 2019. The sharp increase in ROA in 2020 followed by a decrease in 2021 suggests some volatility in the company's profitability. The highest ROA was recorded in 2019 at 15.18%, indicating the company's efficiency in generating profits relative to its assets that year.
Overall, the fluctuating trend in Coterra Energy Inc's ROA over the past five years may warrant further investigation into the company's asset utilization and profitability performance to assess its financial health and operational efficiency.
Peer comparison
Dec 31, 2023