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.
Peer comparison
Sep 30, 2024