Chevron Corp (CVX)
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 | 21,369,000 | 25,463,000 | 30,168,000 | 35,780,000 | 35,465,000 | 34,167,000 | 29,047,000 | 20,507,000 | 15,625,000 | 9,905,000 | 3,587,000 | -7,765,000 | -5,543,000 | -11,488,000 | -8,701,000 | 3,874,000 | 2,924,000 | 13,264,000 | 14,731,000 | 13,835,000 |
| Total assets | US$ in thousands | 261,632,000 | 263,927,000 | 251,779,000 | 255,886,000 | 257,709,000 | 259,735,000 | 257,936,000 | 249,048,000 | 239,535,000 | 239,948,000 | 242,806,000 | 241,645,000 | 239,790,000 | 223,063,000 | 223,403,000 | 236,677,000 | 237,428,000 | 256,537,000 | 255,878,000 | 256,809,000 |
| ROA | 8.17% | 9.65% | 11.98% | 13.98% | 13.76% | 13.15% | 11.26% | 8.23% | 6.52% | 4.13% | 1.48% | -3.21% | -2.31% | -5.15% | -3.89% | 1.64% | 1.23% | 5.17% | 5.76% | 5.39% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $21,369,000K ÷ $261,632,000K
= 8.17%
Chevron Corp.'s return on assets (ROA) has been fluctuating over the past eight quarters, ranging from 8.17% in Q4 2023 to 13.98% in Q1 2023. The company's ROA peaked in Q1 2023 at 13.98% before gradually declining to 8.17% in the most recent quarter, Q4 2023. Overall, Chevron's ROA has shown a general upward trend from Q1 2022 to Q1 2023, indicating improved efficiency in generating profits from its assets. However, the recent decrease in ROA suggests a potential decrease in profitability relative to its asset base, which may warrant further analysis and monitoring.
Peer comparison
Dec 31, 2023