Permian Resources Corporation (PR)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 90.27% | 87.83% | 82.67% | -29.57% | 85.63% |
| Operating profit margin | 35.86% | 50.58% | 44.56% | -132.10% | 8.97% |
| Pretax margin | 20.68% | 31.89% | 16.68% | -130.04% | 2.44% |
| Net profit margin | 15.58% | 25.86% | 16.61% | -115.62% | 1.78% |
Permian Resources Corp's profitability ratios reflect a stable gross profit margin of 100% over the past five years, indicating efficient cost management in generating revenue. However, the operating profit margin has shown variability, with a significant decrease in 2020 due to negative operating income, possibly impacted by unexpected expenses or revenue declines. The trend improved in 2021 and 2022, with operating profit margins of 35.24% and 51.15%, respectively, showcasing operational efficiency.
The pretax margin also displays volatility, with a notable negative margin in 2020, suggesting challenges in generating profits before accounting for taxes. The rebound in 2021 and 2022, with pretax margins of 13.47% and 40.83%, respectively, indicates improved financial performance. The net profit margin followed a similar pattern, with negative margins in 2020 and a substantial increase in profitability in the following years, recording 15.26% and 24.17% in 2023 and 2022, respectively.
Overall, Permian Resources Corp's profitability ratios demonstrate a mix of performance fluctuation and improvement over the years, indicating the company's ability to adapt to changing market conditions and enhance its profit generation capabilities.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.33% | 11.86% | 9.74% | -20.38% | 1.69% |
| Return on assets (ROA) | 3.18% | 6.06% | 3.63% | -17.84% | 0.34% |
| Return on total capital | 12.78% | 24.90% | 7.27% | -26.83% | 2.38% |
| Return on equity (ROE) | 7.52% | 17.54% | 5.02% | -26.22% | 0.48% |
Permian Resources Corp's profitability ratios show fluctuations over the past five years.
- Operating return on assets (Operating ROA) has ranged from a low of -2.33% in 2020 to a high of 12.84% in 2022, indicating variability in the company's ability to generate profits from its assets through operations. The ratio decreased to 8.21% in 2023, suggesting a potential decline in operational efficiency.
- Return on assets (ROA) depicts a similar trend, with a sharp decrease to -17.84% in 2020 followed by improvements in subsequent years. The latest figure of 3.18% in 2023 shows a moderate return generated on total assets.
- Return on total capital illustrates the combined return generated from both debt and equity capital. The ratio fluctuated over the years, with the highest figure of 21.47% in 2022 and a lower but positive return of 12.06% in 2023.
- Return on equity (ROE) demonstrates the return on the shareholders' equity investment in the company. The ratio has shown significant negative returns in 2020 and 2019, but recovered to 7.52% in 2023, indicating some improvement but still below the 2018 level.
Overall, Permian Resources Corp's profitability ratios highlight a mix of performance outcomes, suggesting a need for further analysis to understand the underlying factors contributing to these fluctuations.