EOG Resources Inc (EOG)
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 | 8,082,000 | 9,603,000 | 14,370,000 | 6,102,000 | 468,138 |
| Total assets | US$ in thousands | 47,186,000 | 43,857,000 | 41,371,000 | 38,236,000 | 35,804,600 |
| Operating ROA | 17.13% | 21.90% | 34.73% | 15.96% | 1.31% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $8,082,000K ÷ $47,186,000K
= 17.13%
Based on the data provided for EOG Resources Inc, the operating return on assets (Operating ROA) has shown a significant fluctuation over the years.
- On December 31, 2020, the Operating ROA was 1.31%, indicating a relatively low return generated from its operating activities compared to its assets.
- By December 31, 2021, there was a substantial improvement in the Operating ROA, standing at 15.96%, demonstrating a significant increase in the return generated relative to its assets.
- The following year, on December 31, 2022, the Operating ROA surged to 34.73%, showing a remarkable performance in efficiently utilizing its assets to generate operating profits.
- However, in the subsequent years, the Operating ROA experienced a decline. By December 31, 2023, it decreased to 21.90%, and by December 31, 2024, it reduced further to 17.13%.
Overall, the trend in EOG Resources Inc's Operating ROA indicates variable performance in utilizing its assets to generate operating profits, with a notable peak in 2022 but subsequent declines in the following years. Further analysis and context would be necessary to fully understand the factors driving these fluctuations in Operating ROA.
Peer comparison
Dec 31, 2024