EOG Resources Inc (EOG)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 9,603,000 | 9,966,000 | 6,102,000 | -544,000 | 3,699,000 |
| Total assets | US$ in thousands | 43,857,000 | 41,371,000 | 38,236,000 | 35,805,000 | 37,125,000 |
| Operating ROA | 21.90% | 24.09% | 15.96% | -1.52% | 9.96% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $9,603,000K ÷ $43,857,000K
= 21.90%
EOG Resources, Inc.'s operating return on assets (operating ROA) has demonstrated fluctuations over the past five years. The operating ROA peaked at 24.94% in 2022 before experiencing a slight decline to 22.14% in 2023. This indicates that the company generated $0.2214 in operating income for every $1 of assets in 2023. The significant increase from 2020 to 2022 suggests improved operational efficiency and asset utilization. However, the drop from 2022 to 2023 may warrant further investigation into potential changes in the company's operating performance or asset base. Overall, EOG Resources, Inc.'s operating ROA highlights its ability to generate operating profits relative to its asset base, although monitoring future trends is advisable for a comprehensive assessment of its operational effectiveness.
Peer comparison
Dec 31, 2023