EOG Resources Inc (EOG)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	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	2,587,662	329,662	-544,338	-168,249	662,710	2,880,480	3,699,010	3,958,399	4,637,130	4,471,291
Total assets	US$ in thousands	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	35,805,000	35,074,000	35,221,700	37,634,100	37,125,000	36,542,300	35,751,500	35,663,500
Operating ROA		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%	9.96%	10.83%	12.97%	12.54%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $9,603,000K ÷ $43,857,000K
= 21.90%

Operating return on assets (operating ROA) is a key financial ratio used to assess a company's profitability in generating operating income relative to its total assets. EOG Resources, Inc. has shown fluctuating operating ROA over the past eight quarters.

The operating ROA ranged from 16.06% in Q1 2022 to a peak of 29.93% in Q1 2023. During the earlier quarters, the operating ROA was relatively lower, with values below the 20% mark. However, in recent quarters, EOG Resources, Inc. experienced a notable increase in operating ROA, exceeding 20%, indicating improved operational efficiency and better asset utilization.

Overall, EOG Resources, Inc. has displayed a positive trend in operating ROA, with a general upward trajectory in recent quarters. This indicates that the company has been effectively generating operating income relative to its asset base, potentially resulting in enhanced profitability and investor confidence.