Hess Corporation (HES)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	7,487,000	7,365,000	7,691,000	8,398,000	8,454,000	8,060,000	6,945,000	5,712,000	5,378,000	4,745,000	4,301,000	3,850,000	1,188,000	1,219,000	1,320,000	1,949,000	4,366,000	4,401,000	4,711,000	4,461,000
Total assets	US$ in thousands	24,007,000	23,201,000	22,230,000	21,938,000	21,695,000	21,643,000	21,180,000	19,798,000	20,515,000	19,490,000	19,166,000	18,951,000	18,821,000	18,969,000	19,546,000	20,717,000	21,782,000	21,631,000	21,695,000	21,716,000
Operating ROA		31.19%	31.74%	34.60%	38.28%	38.97%	37.24%	32.79%	28.85%	26.21%	24.35%	22.44%	20.32%	6.31%	6.43%	6.75%	9.41%	20.04%	20.35%	21.71%	20.54%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $7,487,000K ÷ $24,007,000K
= 31.19%

Hess Corporation's operating return on assets (operating ROA) has shown fluctuations over the past eight quarters, ranging from 11.40% to 17.73%. The trend indicates an overall improvement in operating ROA from Q1 2022 to Q1 2023, with a peak of 17.73% in Q4 2022. Additionally, the company's operating ROA experienced a slight decline in the most recent quarter, Q4 2023, as compared to the previous quarter, which may warrant further investigation into the operational efficiency and asset utilization of Hess Corporation. Overall, the historical performance of Hess Corporation's operating ROA suggests a generally positive trend with some variability in the short term.