Devon Energy Corporation (DVN)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,454,000 | 14,375,000 | 18,337,000 | 10,950,000 | -1,592,000 |
| Total assets | US$ in thousands | 30,489,000 | 24,490,000 | 23,721,000 | 21,025,000 | 9,912,000 |
| Operating ROA | 8.05% | 58.70% | 77.30% | 52.08% | -16.06% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $2,454,000K ÷ $30,489,000K
= 8.05%
The operating return on assets (Operating ROA) for Devon Energy Corporation has shown significant fluctuations over the analyzed period. Starting at a negative value of -16.06% on December 31, 2020, the metric improved drastically to reach 52.08% by December 31, 2021. This positive trend continued as Operating ROA surged to 77.30% by December 31, 2022, indicating an efficient utilization of assets to generate operating income.
However, the performance dipped slightly in the subsequent year, with Operating ROA decreasing to 58.70% by December 31, 2023. Despite this decline, the metric remained relatively high compared to the initial years. Furthermore, by December 31, 2024, the Operating ROA dropped further to 8.05%, signifying a notable decrease in asset efficiency and operating income generation.
Overall, the analysis of Devon Energy Corporation's Operating ROA portrays a volatile trajectory with periods of impressive performance followed by declines. These fluctuations suggest potential changes in the company's operational efficiency and profitability over the respective years.
Peer comparison
Dec 31, 2024