EOG Resources Inc (EOG)
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 | 7,912,000 | 8,824,000 | 9,292,000 | 9,041,000 | 9,603,000 | 9,952,000 | 11,059,000 | 11,992,000 | 9,966,000 | 9,641,000 | 7,448,000 | 5,716,000 | 6,102,000 | 4,061,662 | 2,587,948 | 330,398 | -544,017 | -167,928 | 662,745 | 2,880,065 |
| Total assets | US$ in thousands | 47,186,000 | 46,151,000 | 45,224,000 | 44,796,000 | 43,857,000 | 43,647,000 | 41,487,000 | 41,025,000 | 41,371,000 | 40,487,000 | 38,139,000 | 38,097,000 | 38,236,000 | 37,172,000 | 36,885,000 | 36,171,000 | 35,804,600 | 35,074,000 | 35,221,700 | 37,634,100 |
| Operating ROA | 16.77% | 19.12% | 20.55% | 20.18% | 21.90% | 22.80% | 26.66% | 29.23% | 24.09% | 23.81% | 19.53% | 15.00% | 15.96% | 10.93% | 7.02% | 0.91% | -1.52% | -0.48% | 1.88% | 7.65% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $7,912,000K ÷ $47,186,000K
= 16.77%
The operating return on assets (operating ROA) of EOG Resources Inc has shown some fluctuation over the past few years. The ratio started at 7.65% on March 31, 2020, then decreased to 1.88% by June 30, 2020. Subsequently, the operating ROA went negative, reaching its lowest point at -1.52% on December 31, 2020, indicating operational inefficiencies.
However, EOG Resources Inc was able to turn around its performance, with the operating ROA gradually improving to 29.23% by March 31, 2023, showing a strong operational efficiency. Although there were slight fluctuations thereafter, the ratio generally remained above 20%, indicating that the company was utilizing its assets effectively to generate operating profits.
The highest operating ROA was recorded on December 31, 2022, at 24.09%, indicating a peak in the company's operational efficiency during that period. Overall, the trend in operating ROA for EOG Resources Inc reflects a mix of challenges and successes in optimizing asset utilization and operational performance over the analyzed period.
Peer comparison
Dec 31, 2024