Permian Resources Corporation (PR)

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	1,096,508	1,072,962	988,319	1,078,599	1,007,536	842,149	716,312	501,723	370,618	150,473	22,387	-137,514	-780,120	-707,366	-664,158	-534,250	79,429	102,913	160,989	200,413
Total assets	US$ in thousands	14,965,600	9,209,800	8,926,320	8,723,160	8,492,590	8,609,630	4,224,030	3,958,530	3,804,590	3,882,340	3,874,350	3,848,320	3,827,420	3,923,040	4,020,890	4,106,250	4,688,290	4,646,130	4,535,330	4,478,550
Operating ROA		7.33%	11.65%	11.07%	12.36%	11.86%	9.78%	16.96%	12.67%	9.74%	3.88%	0.58%	-3.57%	-20.38%	-18.03%	-16.52%	-13.01%	1.69%	2.22%	3.55%	4.47%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,096,508K ÷ $14,965,600K
= 7.33%

Operating return on assets (operating ROA) measures a company's ability to generate profit from its operations relative to its total assets. In the case of Permian Resources Corp, the operating ROA has experienced some fluctuations over the past eight quarters.

In Q4 2023, Permian Resources Corp's operating ROA decreased to 8.21% from the previous quarter's 12.10%. This decline could indicate a decrease in profitability generated by the company's operations relative to its asset base during the quarter.

Comparing Q4 2023 to Q1 2023, the operating ROA decreased from 13.44% to 8.21%, reflecting a significant decrease in profitability generated by operations relative to assets. This drop could suggest potential challenges faced by the company in efficiently utilizing its assets to generate profit in the most recent quarter.

On a positive note, Permian Resources Corp showed a strong operating ROA of 16.72% in Q2 2022, which was the highest level in the data provided. This indicates robust profitability generated by the company's operations relative to its asset base during that period.

Overall, the analysis of Permian Resources Corp's operating ROA highlights fluctuations in the company's ability to generate profit from its operations relative to its total assets over the past eight quarters. It is essential for stakeholders to closely monitor these trends to assess the company's operational efficiency and profitability.