Hess Corporation (HES)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	2,769,000	2,640,000	2,646,000	2,008,000	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	-3,180,000	-2,866,000
Total assets	US$ in thousands	26,551,000	26,233,000	25,810,000	24,719,000	24,007,000	23,201,000	22,230,000	21,938,000	21,729,000	21,643,000	21,180,000	19,798,000	20,515,000	19,490,000	19,131,000	18,951,000	18,821,000	18,969,000	19,546,000	20,717,000
ROA		10.43%	10.06%	10.25%	8.12%	5.76%	6.32%	6.64%	9.23%	9.65%	8.61%	6.91%	3.66%	2.72%	1.01%	-0.84%	-2.15%	-16.43%	-16.96%	-16.27%	-13.83%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,769,000K ÷ $26,551,000K
= 10.43%

Hess Corporation's return on assets (ROA) has shown a fluctuating trend over the quarters from March 31, 2020, to December 31, 2024. The ROA started in negative territory, indicating the company was generating insufficient profits relative to its assets in the initial quarters.

However, there has been a notable improvement in ROA from March 31, 2022, onwards, with the percentage gradually increasing. This upward trend suggests that the company's profitability relative to its assets has strengthened over time. By December 31, 2024, Hess Corporation achieved an ROA of 10.43%, reflecting an efficient utilization of its assets to generate profits.

Overall, the increasing trend in ROA indicates improved operational efficiency and profitability for Hess Corporation over the analyzed period.