Permian Resources Corporation (PR)
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 | 1,096,510 | 1,007,540 | 370,618 | -780,120 | 79,429 |
| Total assets | US$ in thousands | 14,965,600 | 8,492,590 | 3,804,590 | 3,827,420 | 4,688,290 |
| Operating ROA | 7.33% | 11.86% | 9.74% | -20.38% | 1.69% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,096,510K ÷ $14,965,600K
= 7.33%
Permian Resources Corp's operating return on assets (ROA) has fluctuated over the past five years. In 2023, the company's operating ROA was 8.21%, showing a decrease from the previous year where it stood at 12.84%. This decline indicates that the company may be experiencing challenges in generating operating income relative to its total assets.
Comparing the 2023 operating ROA to previous years, it is evident that the company's performance has varied. In 2022, Permian Resources Corp achieved a higher operating ROA of 12.84%, indicating a more efficient use of assets to generate operating income. Similarly, in 2021, the operating ROA was 9.54%, demonstrating a strong performance in utilizing assets to generate operating profits.
On the other hand, in 2020 and 2019, Permian Resources Corp experienced negative operating ROA figures of -2.33% and 2.72% respectively. These negative values suggest that the company's operating income was insufficient to cover the costs associated with its assets during those years.
Overall, Permian Resources Corp's operating ROA has shown variability over the past five years, with 2023 reflecting a decline in efficiency compared to the higher figures seen in 2022 and 2021. Further analysis of the company's operating performance and asset management practices would be needed to understand the factors contributing to these fluctuations in operating ROA.
Peer comparison
Dec 31, 2023