Occidental Petroleum Corporation (OXY)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 20,490,000 | 22,207,000 | 24,195,000 | 27,959,000 | 29,052,000 | 28,698,000 | 26,247,000 | 21,727,000 | 19,041,000 | 15,927,000 | 13,569,000 | -6,679,000 | -8,372,000 | -9,181,000 | -10,249,000 | 8,162,000 | 7,688,000 | 3,599,000 | 6,761,000 | 7,940,000 |
| Total assets | US$ in thousands | 74,008,000 | 71,827,000 | 71,199,000 | 71,600,000 | 72,609,000 | 72,144,000 | 74,221,000 | 74,222,000 | 75,036,000 | 75,758,000 | 79,937,000 | 79,355,000 | 80,064,000 | 84,434,000 | 89,452,000 | 101,643,000 | 107,190,000 | 125,443,000 | 44,770,000 | 44,380,000 |
| Operating ROA | 27.69% | 30.92% | 33.98% | 39.05% | 40.01% | 39.78% | 35.36% | 29.27% | 25.38% | 21.02% | 16.97% | -8.42% | -10.46% | -10.87% | -11.46% | 8.03% | 7.17% | 2.87% | 15.10% | 17.89% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $20,490,000K ÷ $74,008,000K
= 27.69%
Occidental Petroleum Corp.'s operating return on assets (ROA) has shown a fluctuating trend over the past eight quarters. The operating ROA ranged from a high of 20.57% in Q4 2022 to a low of 10.13% in Q4 2023. This indicates variability in the company's ability to generate operating profit from its assets.
The operating ROA peaked in Q4 2022 at 20.57% but gradually declined in the following quarters before reaching the lowest point in Q4 2023. This downward trend suggests a potential decrease in the efficiency of the company's asset utilization to generate operating profits.
Overall, Occidental Petroleum Corp.'s operating ROA performance has been mixed, with some quarters demonstrating strong profitability and others showing weaker results. It is essential for the company to focus on improving asset efficiency and operational performance to maintain or enhance its profitability in the future.
Peer comparison
Dec 31, 2023