EOG Resources Inc (EOG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,403,000 | 7,594,000 | 7,759,000 | 4,664,000 | -604,572 |
| Total assets | US$ in thousands | 47,186,000 | 43,857,000 | 41,371,000 | 38,236,000 | 35,804,600 |
| ROA | 13.57% | 17.32% | 18.75% | 12.20% | -1.69% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $6,403,000K ÷ $47,186,000K
= 13.57%
Based on the provided data, EOG Resources Inc's return on assets (ROA) has shown variability in recent years. In December 2020, the ROA was -1.69%, indicating a negative return on assets for that period. However, over the following years, there has been a significant improvement in performance.
By December 2021, the ROA had increased to 12.20%, suggesting a positive return on assets and indicating the company's ability to generate profit relative to its total assets. This positive trend continued in subsequent years, with the ROA reaching 18.75% by December 2022, 17.32% by December 2023, and 13.57% by December 2024.
Overall, the increasing trend in ROA from 2020 to 2022 indicates an improvement in EOG Resources Inc's efficiency in generating profits from its assets. However, the slight decrease in ROA in 2024 may warrant further investigation to understand the factors impacting the company's return on assets.
Peer comparison
Dec 31, 2024