EQT Corporation (EQT)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	2,314,410	2,718,000	-1,360,980	-877,666	-1,152,110
Total assets	US$ in thousands	25,285,100	22,669,900	21,607,400	18,113,500	18,809,200
Operating ROA		9.15%	11.99%	-6.30%	-4.85%	-6.13%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $2,314,410K ÷ $25,285,100K
= 9.15%

Operating return on assets (Operating ROA) for EQT Corp has fluctuated over the past five years, as evidenced by the data provided. In 2023, the Operating ROA stands at 9.99%, showing a decrease from the previous year's figure of 13.93%. This suggests that the company's operating income generated from its assets decreased in 2023 compared to 2022.

In 2021, the company experienced a significant decline in Operating ROA, recording a negative figure of -4.63%. This indicates that the company's operating income was insufficient to cover its assets for that year. However, EQT Corp managed to improve its performance in 2022, returning to positive territory with a 13.93% Operating ROA.

Looking further back, the company struggled in 2020 with an Operating ROA of -2.25%, suggesting challenges in generating operating income from its assets. The situation improved in 2019, where the Operating ROA stood at 3.59%, indicating a better utilization of assets to generate operating income compared to the two preceding years.

Overall, EQT Corp's Operating ROA has been volatile, indicating fluctuations in its ability to effectively generate operating income from its assets. Analyzing the trend over the years can provide insights into the company's operational efficiency and financial performance.