Hess Corporation (HES)
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 | 1,382,000 | 1,466,000 | 1,477,000 | 2,025,000 | 2,096,000 | 1,864,000 | 1,464,000 | 724,000 | 559,000 | 197,000 | -161,000 | -408,000 | -3,093,000 | -3,218,000 | -3,187,000 | -2,873,000 | -408,000 | -190,000 | -20,000 | -144,000 |
| 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 |
| ROA | 5.76% | 6.32% | 6.64% | 9.23% | 9.66% | 8.61% | 6.91% | 3.66% | 2.72% | 1.01% | -0.84% | -2.15% | -16.43% | -16.96% | -16.31% | -13.87% | -1.87% | -0.88% | -0.09% | -0.66% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,382,000K ÷ $24,007,000K
= 5.76%
Hess Corporation's return on assets (ROA) has fluctuated over the past eight quarters, ranging from 3.66% in Q1 2022 to 9.23% in Q1 2023. The ROA trend shows a general improvement from the beginning of 2022 through Q2 and Q3 of 2023. This indicates that the company has been more effective in generating profits relative to its total assets during these periods. Q4 2023 saw a slight decrease in ROA compared to the previous quarter, but it remains at a respectable level of 5.76%. Overall, Hess Corporation's ROA performance suggests efficient asset utilization and profitability, with room for further optimization in future quarters.
Peer comparison
Dec 31, 2023