EQT Corporation (EQT)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,735,230	1,770,960	-1,142,750	-958,799	-1,221,700
Total assets	US$ in thousands	25,285,100	22,669,900	21,607,400	18,113,500	18,809,200
ROA		6.86%	7.81%	-5.29%	-5.29%	-6.50%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $1,735,230K ÷ $25,285,100K
= 6.86%

EQT Corp's return on assets (ROA) has shown fluctuations over the past five years, ranging from negative figures to positive percentages. In 2023, the ROA stands at 6.86%, which reflects the company's ability to generate earnings from its assets. This percentage is slightly lower than the previous year's ROA of 7.81%, indicating a slight decrease in efficiency in generating profits from its assets.

The negative ROA figures in 2021, 2020, and 2019 (-5.35%, -5.34%, and -6.50% respectively) suggest that the company experienced challenges in utilizing its assets to generate profits during those years. This could be attributed to various factors such as operational inefficiencies, poor asset utilization, or economic downturns impacting the company's profitability.

Overall, EQT Corp's ROA performance indicates a mix of profitability levels over the past five years, with room for improvement in optimizing asset utilization to enhance profitability in the future. Further analysis of the company's financial and operational strategies would be necessary to understand the factors driving these ROA fluctuations and to formulate recommendations for enhancing asset efficiency and overall profitability.