Coterra Energy Inc (CTRA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,625,000 | 2,241,000 | 3,114,000 | 4,134,000 | 4,065,000 | 3,971,000 | 2,839,000 | 1,640,000 | 1,158,000 | 351,677 | 272,716 | 273,090 | 201,000 | 216,193 | 321,512 | 472,147 | 681,000 | 809,175 | 841,154 | 702,576 |
| 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 |
| ROA | 7.96% | 11.15% | 15.66% | 20.53% | 20.17% | 19.56% | 13.75% | 8.07% | 5.82% | 7.43% | 5.92% | 6.00% | 4.44% | 4.89% | 7.10% | 10.44% | 15.18% | 18.21% | 18.43% | 15.68% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,625,000K ÷ $20,415,000K
= 7.96%
To analyze Coterra Energy Inc's return on assets (ROA), we can observe a trend over the past eight quarters. The ROA has fluctuated during this period, ranging from a low of 7.94% in Q4 2023 to a high of 20.49% in Q1 2023. It is evident that there has been variability in the company's efficiency in generating profits from its assets.
The highest ROA was recorded in Q1 2023 at 20.49%, indicating that the company was able to generate a strong return relative to its asset base during that quarter. This could suggest effective management of assets to generate profits.
Conversely, the lowest ROA was seen in Q4 2023 at 7.94%, which may indicate a decrease in profitability relative to the company's assets during that period.
Overall, the trend shows some fluctuations in Coterra Energy Inc's ROA over the past eight quarters, with moments of both improvement and decline. Further analysis and comparison with industry benchmarks could provide additional insights into the company's performance in utilizing its assets effectively to generate profits.
Peer comparison
Dec 31, 2023