EQT Corporation (EQT)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 685,296 | 626,568 | 924,215 | 886,251 | 2,314,411 | 3,911,474 | 4,820,253 | 6,217,146 | 2,717,996 | 2,855,566 | -678,550 | -3,258,090 | -1,360,975 | -3,672,242 | -1,822,907 | -992,179 | -877,666 | -2,485,819 | -1,887,153 | -1,204,211 |
| Total assets | US$ in thousands | 39,830,300 | 39,945,600 | 24,706,500 | 25,438,300 | 25,285,100 | 24,555,000 | 21,273,500 | 22,690,500 | 22,669,900 | 22,541,100 | 22,621,700 | 21,814,600 | 21,607,400 | 23,011,700 | 18,985,300 | 18,039,400 | 18,113,500 | 17,574,700 | 18,008,900 | 18,634,500 |
| Operating ROA | 1.72% | 1.57% | 3.74% | 3.48% | 9.15% | 15.93% | 22.66% | 27.40% | 11.99% | 12.67% | -3.00% | -14.94% | -6.30% | -15.96% | -9.60% | -5.50% | -4.85% | -14.14% | -10.48% | -6.46% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $685,296K ÷ $39,830,300K
= 1.72%
Operating return on assets (Operating ROA) is a financial ratio that indicates the efficiency of a company in generating profits from its operational assets. A negative operating ROA suggests that the company is not efficiently utilizing its assets to generate operating income.
Analyzing the historical trend of EQT Corporation's Operating ROA from March 31, 2020, to December 31, 2024, reveals a fluctuating pattern. The ratio started at a low point of -6.46% in March 2020 but deteriorated further to -10.48% by June 2020. The negative trend continued, reaching its lowest point of -15.96% by September 2021.
However, from March 2022 onwards, EQT Corporation's Operating ROA started to improve significantly. The ratio turned positive in September 2022, indicating a substantial increase in operating income compared to assets held. This positive trend continued through the end of 2024.
The performance of EQT Corporation in terms of Operating ROA improved notably, reaching a peak of 27.40% in March 2023. Subsequently, the ratio remained relatively stable in the range of 3-4% from March 2024 to December 2024.
Overall, the analysis of EQT Corporation's Operating ROA shows a significant improvement in operational efficiency and profitability from 2022 onwards, reflecting better asset utilization and operational performance during this period.
Peer comparison
Dec 31, 2024