Magnolia Oil & Gas Corp (MGY)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 511,988 | 526,009 | 545,130 | 532,112 | 534,487 | 594,306 | 757,923 | 964,849 | 1,073,786 | 1,077,893 | 937,636 | 738,568 | 602,594 | 443,245 | 293,693 | 138,567 | -1,925,669 | -1,945,649 | -1,939,921 | -1,870,354 |
| Total assets | US$ in thousands | 2,820,840 | 2,810,960 | 2,842,860 | 2,807,940 | 2,756,220 | 2,652,490 | 2,566,720 | 2,576,050 | 2,572,580 | 2,300,640 | 2,086,790 | 1,794,610 | 1,746,740 | 1,585,780 | 1,498,340 | 1,455,850 | 1,453,420 | 1,434,280 | 1,413,080 | 1,490,830 |
| Operating ROA | 18.15% | 18.71% | 19.18% | 18.95% | 19.39% | 22.41% | 29.53% | 37.45% | 41.74% | 46.85% | 44.93% | 41.15% | 34.50% | 27.95% | 19.60% | 9.52% | -132.49% | -135.65% | -137.28% | -125.46% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $511,988K ÷ $2,820,840K
= 18.15%
Operating return on assets (operating ROA) for Magnolia Oil & Gas Corp shows a significant improvement over the period from March 2020 to December 2024. The company experienced negative operating ROA figures in the range of -125.46% to -137.28% in the first half of 2020. However, the trend shifted positively, and by March 2021, the operating ROA turned positive at 9.52%.
From thereon, Magnolia Oil & Gas Corp demonstrated consistent growth in its operating ROA, reaching peaks of 46.85% in September 2022 and 44.93% in June 2022. Despite a slight dip in the operating ROA in the subsequent quarters, with a value of 18.15% by December 2024, the company maintained a relatively strong performance compared to the earlier negative figures.
Overall, the improvement in operating ROA indicates that Magnolia Oil & Gas Corp effectively utilized its assets to generate operating income during the period under review, reflecting positively on its operational efficiency and profitability.
Peer comparison
Dec 31, 2024