Occidental Petroleum Corporation (OXY)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 20,490,000 | 29,052,000 | 19,041,000 | 11,461,000 | 7,833,000 |
| Total assets | US$ in thousands | 74,008,000 | 72,609,000 | 75,036,000 | 80,064,000 | 107,190,000 |
| Operating ROA | 27.69% | 40.01% | 25.38% | 14.31% | 7.31% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $20,490,000K ÷ $74,008,000K
= 27.69%
Occidental Petroleum Corp.'s operating return on assets (operating ROA) has fluctuated over the past five years. In 2023, the operating ROA was 10.13%, showing a decline from the previous year's level of 20.57%. This could indicate a decrease in the company's operating efficiency and profitability compared to the previous year.
Comparing the 2023 figure to the operating ROA in 2021 and 2022, it is higher than 7.64% but still lower than 20.57%, suggesting that Occidental Petroleum Corp. may be working to improve its operating performance but has not yet reached the level achieved in 2022.
The negative operating ROA of -1.57% in 2020 indicates that the company experienced operational losses during that period. However, it has been able to turn around its performance since then, as evidenced by the positive operating ROA figures in 2021, 2022, and 2023.
Overall, Occidental Petroleum Corp.'s operating ROA has shown variability in recent years, and investors should continue to monitor the company's operational efficiency and profitability to assess its financial health and performance.
Peer comparison
Dec 31, 2023