EOG Resources Inc (EOG)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,594,000 | 7,759,000 | 4,664,000 | -605,000 | 2,735,000 |
| Total assets | US$ in thousands | 43,857,000 | 41,371,000 | 38,236,000 | 35,805,000 | 37,125,000 |
| ROA | 17.32% | 18.75% | 12.20% | -1.69% | 7.37% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $7,594,000K ÷ $43,857,000K
= 17.32%
EOG Resources, Inc.'s return on assets (ROA) has varied significantly over the past five years. In 2023, the company achieved an ROA of 17.32%, showing a decrease from 18.75% in 2022. Despite this slight drop, the ROA remains relatively strong, indicating that EOG Resources is effectively generating profits from its assets.
In 2021, the ROA was 12.20%, representing a notable increase from the negative ROA of -1.69% in 2020. This improvement suggests that EOG Resources effectively turned its assets into earnings after a challenging period in 2020. Additionally, in 2019, the ROA was 7.37%, showing a positive trend in profitability over the years.
Overall, despite some fluctuations, EOG Resources, Inc. has generally exhibited a positive trend in ROA over the past five years, indicating efficient asset utilization and profitability.
Peer comparison
Dec 31, 2023