Diamondback Energy Inc (FANG)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	3,338,000	3,143,000	4,386,000	2,182,000	-4,672,000
Total assets	US$ in thousands	67,292,000	29,001,000	26,209,000	22,898,000	17,619,000
ROA		4.96%	10.84%	16.73%	9.53%	-26.52%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $3,338,000K ÷ $67,292,000K
= 4.96%

Diamondback Energy Inc's return on assets (ROA) has shown variability over the years based on the provided data.

1. In December 31, 2020, the ROA was negative at -26.52%, indicating that the company's assets were not effectively generating profits during that period.

2. By December 31, 2021, the ROA had improved to 9.53%, signaling a positive shift in the company's ability to generate earnings from its assets.

3. The ROA further increased to 16.73% by December 31, 2022, demonstrating stronger asset utilization and profitability.

4. In December 31, 2023, the ROA slightly decreased to 10.84%, still reflecting a relatively healthy return on assets.

5. The most recent data as of December 31, 2024, shows a ROA of 4.96%, indicating a decline compared to the previous years, but still showing positive returns on the company's assets.

Overall, Diamondback Energy Inc's ROA has experienced fluctuations but generally indicates an improvement in asset efficiency and profitability, with some variability in performance throughout the years.