Hess Corporation (HES)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,769,000 | 1,382,000 | 2,096,000 | 890,000 | -2,839,000 |
| Total assets | US$ in thousands | 26,551,000 | 24,007,000 | 21,729,000 | 20,515,000 | 18,821,000 |
| ROA | 10.43% | 5.76% | 9.65% | 4.34% | -15.08% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $2,769,000K ÷ $26,551,000K
= 10.43%
The return on assets (ROA) for Hess Corporation has shown a significant improvement over the past few years. Starting at a negative value of -15.08% on December 31, 2020, the company managed to turn around its performance and achieve positive ROA figures of 4.34% on December 31, 2021, 9.65% on December 31, 2022, 5.76% on December 31, 2023, and 10.43% on December 31, 2024.
This upward trend indicates that Hess Corporation has been able to generate more profit from its assets over time, reflecting better efficiency and profitability in utilizing its resources. The company's ability to consistently increase its ROA suggests effective management and potentially improving financial health.
Peer comparison
Dec 31, 2024