Matador Resources Company (MTDR)

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	846,074	845,327	919,160	1,170,212	1,214,206	1,175,204	1,041,260	731,447	584,968	280,724	-198,968	-658,289	-593,205	-479,732	-159,715	230,453	87,777	200,471	174,312	197,366
Total assets	US$ in thousands	7,727,000	7,439,160	7,132,340	5,782,100	5,554,500	5,305,150	4,963,880	4,567,330	4,262,150	3,985,490	3,834,550	3,738,880	3,687,280	3,786,230	4,001,130	4,333,670	4,069,680	3,936,640	3,751,450	3,583,300
ROA		10.95%	11.36%	12.89%	20.24%	21.86%	22.15%	20.98%	16.01%	13.72%	7.04%	-5.19%	-17.61%	-16.09%	-12.67%	-3.99%	5.32%	2.16%	5.09%	4.65%	5.51%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $846,074K ÷ $7,727,000K
= 10.95%

Matador Resources Co's return on assets (ROA) has shown variability over the past eight quarters. The ROA ranged from 10.95% to 22.15% during this period. The trend indicates a general decline in ROA from Q4 2022 to Q1 2023, followed by a significant spike in Q2 2023 to 12.89%, indicating a potential improvement in asset utilization and profitability. However, this upward trend was short-lived as ROA increased further to 20.24% in Q1 2023, suggesting a more efficient utilization of assets during this period. Overall, the ROA performance of Matador Resources Co reflects fluctuations, with Q1 and Q2 2023 demonstrating stronger asset efficiency compared to earlier periods.