Diamondback Energy Inc (FANG)

Return on assets (ROA)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	3,143,000	3,190,000	3,459,000	4,319,000	4,386,000	4,381,000	3,846,000	2,741,000	2,182,000	441,000	-1,321,000	-4,025,000	-4,517,000	-4,265,000	-2,784,000	-42,000	240,000	1,034,000	823,000	693,000
Total assets	US$ in thousands	29,001,000	28,049,000	27,587,000	27,589,000	26,209,000	23,843,000	23,448,000	23,331,000	22,898,000	22,639,000	22,898,000	21,996,000	17,619,000	18,760,000	20,337,000	23,386,000	23,531,000	23,553,000	23,531,000	23,531,000
ROA		10.84%	11.37%	12.54%	15.65%	16.73%	18.37%	16.40%	11.75%	9.53%	1.95%	-5.77%	-18.30%	-25.64%	-22.73%	-13.69%	-0.18%	1.02%	4.39%	3.50%	2.95%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $3,143,000K ÷ $29,001,000K
= 10.84%

Diamondback Energy Inc's return on assets (ROA) has been fluctuating over the quarters, with a decreasing trend observed from Q1 2022 to Q4 2023. The ROA decreased from 16.73% in Q4 2022 to 10.76% in Q4 2023. This downward trend may indicate potential inefficiencies in asset utilization or profitability challenges faced by the company during the period. However, it is worth noting that even though the ROA has been decreasing, Diamondback Energy Inc has managed to maintain positive returns on its assets throughout the quarters. Further analysis of the company's operational and financial performance would provide a deeper understanding of the factors influencing these fluctuations in ROA.