Expand Energy Corporation (EXE)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,419,000	4,936,000	945,000	-9,734,000	-308,000
Total assets	US$ in thousands	14,376,000	15,468,000	11,009,000	6,584,000	16,193,000
ROA		16.83%	31.91%	8.58%	-147.84%	-1.90%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $2,419,000K ÷ $14,376,000K
= 16.83%

Expand Energy Corporation's Return on Assets (ROA) fluctuated significantly over the past five years, as indicated by the data provided.

In 2023, the ROA stands at 16.83%, reflecting a decrease from the prior year's robust performance of 31.91% in 2022. This decline may raise concerns about the company's ability to effectively generate profits from its assets.

The ROA in 2021 was 8.58%, marking a moderate improvement compared to the negative return of -147.84% in 2020. The drastic improvement in 2021 suggests that the company successfully turned around its asset utilization efficiency.

However, the significant negative ROA figures in 2020 and 2019 at -147.84% and -1.90%, respectively, indicate that Expand Energy Corporation faced challenges in effectively utilizing its assets to generate profits or suffered substantial losses in those years.

Overall, the inconsistent performance of ROA over the years suggests that Expand Energy Corporation may need to focus on improving its asset management strategies to ensure sustainable profitability in the long term.