Expand Energy Corporation (EXE)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019
Operating income (ttm)	US$ in thousands	309,000	543,000	1,354,000	3,142,000	4,644,000	5,570,000	6,394,000	3,780,000	2,973,000	1,630,000	-141,000	938,000	-307,000	-80,000	-191,000	-8,703,000	-9,052,000	-8,895,000	-8,076,000	-31,000
Total assets	US$ in thousands	13,392,000	13,608,000	14,018,000	14,376,000	14,248,000	14,429,000	14,591,000	15,468,000	14,089,000	13,899,000	13,293,000	11,009,000	7,326,000	6,999,000	6,904,000	6,584,000	6,903,000	6,553,000	7,808,000	16,193,000
Operating ROA		2.31%	3.99%	9.66%	21.86%	32.59%	38.60%	43.82%	24.44%	21.10%	11.73%	-1.06%	8.52%	-4.19%	-1.14%	-2.77%	-132.18%	-131.13%	-135.74%	-103.43%	-0.19%

September 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $309,000K ÷ $13,392,000K
= 2.31%

The operating return on assets (ROA) of Expand Energy Corporation has shown significant fluctuations over the past few quarters. The trend indicates some instability in the company's ability to generate profits through its operational activities relative to its total assets.

In the recent quarters, there was a notable decline in operating ROA, with values of 2.31% in September 2024 and 3.99% in June 2024. However, prior to this, there were substantial increases in the metric, notably reaching 43.82% in March 2023 and 38.60% in June 2023.

The significant variability in operating ROA may suggest underlying operational challenges or changes in the company's business environment. The negative values observed in some quarters, such as -132.18% in December 2020 and -131.13% in September 2020, could signal periods of operational inefficiencies or financial distress.

Overall, the trend in Expand Energy Corporation's operating ROA reveals a mix of strong performance and potential areas of concern. Further analysis of the company's operational efficiency, profitability, and asset management practices would be necessary to fully understand the factors driving these fluctuations in operating ROA.