EOG Resources Inc (EOG)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 6,403,000 | 7,140,000 | 7,497,000 | 7,360,000 | 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 | 1,878,999 | 62,615 | -604,385 | -305,330 | 352,259 | 2,109,484 |
| 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 |
| ROA | 13.57% | 15.47% | 16.58% | 16.43% | 17.32% | 18.06% | 20.99% | 22.89% | 18.75% | 18.44% | 14.97% | 11.49% | 12.20% | 8.11% | 5.09% | 0.17% | -1.69% | -0.87% | 1.00% | 5.61% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ 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 fluctuations over time. ROA is a measure of how efficiently the company is utilizing its assets to generate profit.
In the first quarter of 2020, the ROA was 5.61%, indicating that EOG Resources was generating a positive return on its assets. However, in the subsequent quarters, the ROA declined significantly, reaching negative values in September and December 2020, indicating a period of inefficiency in asset utilization.
From March 2021 onwards, there was a gradual improvement in the ROA, with positive values recorded in each subsequent quarter. The ROA experienced significant growth in the latter half of 2022 and into 2023, reaching its peak at 22.89% in March 2023.
However, a slight decline in ROA was observed towards the end of 2024, with the ratio decreasing to 13.57% in December 2024. Overall, EOG Resources Inc's ROA has shown volatile behavior but has generally improved over the years, reflecting better efficiency in utilizing its assets to generate returns for shareholders.
Peer comparison
Dec 31, 2024