EOG Resources Inc (EOG)

Return on assets (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
Net income (ttm)	US$ in thousands	7,594,000	7,883,000	8,707,000	9,392,000	7,759,000	7,467,000	5,708,000	4,377,000	4,664,000	3,016,466	1,879,466	62,466	-604,534	-305,479	351,643	2,109,484	2,734,910	2,991,157	3,566,985	3,415,875
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
ROA		17.32%	18.06%	20.99%	22.89%	18.75%	18.44%	14.97%	11.49%	12.20%	8.11%	5.10%	0.17%	-1.69%	-0.87%	1.00%	5.61%	7.37%	8.19%	9.98%	9.58%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $7,594,000K ÷ $43,857,000K
= 17.32%

The return on assets (ROA) of EOG Resources, Inc. has shown fluctuations over the past eight quarters. The company's ROA ranged from a low of 11.49% in Q1 2022 to a high of 22.89% in Q1 2023. Overall, EOG Resources, Inc. has demonstrated an upward trend in ROA, with the most recent quarter (Q4 2023) showing a strong performance at 17.32%. This indicates that EOG Resources, Inc. has been effectively utilizing its assets to generate profits. The company's ability to maintain relatively high ROA values suggests efficient asset management and operational effectiveness.