Expand Energy Corporation (EXE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 254,000 | 438,000 | 1,056,000 | 2,419,000 | 5,430,000 | 6,243,000 | 7,089,000 | 4,936,000 | 2,790,000 | 1,562,000 | -114,000 | 945,000 | -905,000 | -1,305,000 | -1,142,000 | -9,734,000 | -9,642,000 | -8,958,000 | -8,584,000 | -308,000 |
| 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 |
| ROA | 1.90% | 3.22% | 7.53% | 16.83% | 38.11% | 43.27% | 48.58% | 31.91% | 19.80% | 11.24% | -0.86% | 8.58% | -12.35% | -18.65% | -16.54% | -147.84% | -139.68% | -136.70% | -109.94% | -1.90% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $254,000K ÷ $13,392,000K
= 1.90%
Expand Energy Corporation's return on assets (ROA) has exhibited significant fluctuations over the past 20 quarters. The ROA started with negative values in 2019, indicating a period of financial distress. However, in the subsequent quarters, there was a notable improvement in the ROA, with a steady increase until the first quarter of 2023.
From the first quarter of 2023 to the third quarter of 2023, ROA saw substantial growth, reaching a peak of 48.58%. This period likely reflects successful operational efficiency and effective utilization of assets to generate profits. However, there was a slight decline in the ROA in the fourth quarter of 2023.
In 2024, the ROA continued to decline significantly, dropping to 1.90% in the current quarter. This decrease may indicate a decline in profitability or challenges in managing the company's assets efficiently.
Overall, while Expand Energy Corporation experienced both periods of strong profitability and challenges in the past, the recent decrease in ROA suggests a need for further analysis to understand the factors contributing to the decline and take necessary actions to improve asset utilization and profitability.
Peer comparison
Sep 30, 2024