Devon Energy Corporation (DVN)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,492,000 | 14,651,000 | 14,508,000 | 14,123,000 | 14,375,000 | 14,585,000 | 16,183,000 | 18,339,000 | 18,365,000 | 18,288,000 | 16,300,000 | 13,125,000 | 10,690,000 | 7,662,000 | 5,153,000 | 3,090,000 | -2,248,000 | -1,638,000 | -1,509,000 | -783,000 |
| Total assets | US$ in thousands | 30,489,000 | 30,263,000 | 25,162,000 | 24,978,000 | 24,490,000 | 24,241,000 | 23,355,000 | 23,420,000 | 23,721,000 | 23,557,000 | 23,194,000 | 21,778,000 | 21,025,000 | 21,057,000 | 20,065,000 | 20,457,000 | 9,912,000 | 10,326,000 | 10,357,000 | 11,144,000 |
| Operating ROA | 8.17% | 48.41% | 57.66% | 56.54% | 58.70% | 60.17% | 69.29% | 78.30% | 77.42% | 77.63% | 70.28% | 60.27% | 50.84% | 36.39% | 25.68% | 15.10% | -22.68% | -15.86% | -14.57% | -7.03% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,492,000K ÷ $30,489,000K
= 8.17%
Operating ROA for Devon Energy Corporation has shown a significant improvement over the past few years, with a notable increase in the most recent quarters. The ratio was negative in the earlier periods, indicating a lower profitability relative to its assets. However, starting from March 31, 2021, there has been a positive trend, with a steady increase quarter over quarter. The operating ROA improved from 15.10% in March 31, 2021, to 70.28% in June 30, 2022, reaching its peak at 78.30% on March 31, 2023. Subsequently, the ratio fluctuated slightly but remained relatively high, indicating a strong operational performance in utilizing its assets to generate earnings. The December 31, 2024, figure at 8.17% is lower compared to the previous quarters but still reflects a positive profitability trend. Overall, the increasing trend in operating ROA signifies an enhanced efficiency in generating profits from the company's operational assets.
Peer comparison
Dec 31, 2024