Devon Energy Corporation (DVN)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	2,891,000	3,404,000	3,502,000	3,348,000	3,747,000	3,796,000	4,779,000	6,021,000	6,015,000	6,320,000	5,265,000	3,589,000	2,813,000	1,205,000	275,000	-651,000	-2,680,000	-3,220,000	-3,019,000	-1,854,000
Total stockholders’ equity	US$ in thousands	14,496,000	14,277,000	12,551,000	12,167,000	12,061,000	11,639,000	11,021,000	10,977,000	11,167,000	10,873,000	10,090,000	9,300,000	9,262,000	8,924,000	8,399,000	8,353,000	2,885,000	3,023,000	3,227,000	3,919,000
ROE		19.94%	23.84%	27.90%	27.52%	31.07%	32.61%	43.36%	54.85%	53.86%	58.13%	52.18%	38.59%	30.37%	13.50%	3.27%	-7.79%	-92.89%	-106.52%	-93.55%	-47.31%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,891,000K ÷ $14,496,000K
= 19.94%

Devon Energy Corporation's return on equity (ROE) experienced a significant decline over the first half of 2020, with ROE percentages in the negative range, indicating losses exceeding equity.

However, there was a noticeable improvement in the company's performance starting from the first quarter of 2021. The ROE turned positive and demonstrated a steady increase throughout 2021 and into 2022. This trend suggests that Devon Energy Corporation was able to generate more profit relative to its equity during this period.

The highest ROE percentages were observed in the third quarter of 2022 and the fourth quarter of 2022, indicating a strong performance and efficient utilization of equity.

Subsequently, the ROE figures started to decline gradually from the first quarter of 2023 onwards but remained positive, suggesting a sustainable level of profitability.

Overall, the analysis of Devon Energy Corporation's ROE shows a volatile performance in the earlier periods, but a significant improvement and relatively stable profitability in the later periods up to the end of 2024.