Permian Resources Corporation (PR)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	476,306	515,037	138,175	-682,837	15,798
Total assets	US$ in thousands	14,965,600	8,492,590	3,804,590	3,827,420	4,688,290
ROA		3.18%	6.06%	3.63%	-17.84%	0.34%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $476,306K ÷ $14,965,600K
= 3.18%

Permian Resources Corp's return on assets (ROA) has been fluctuating over the past five years. In 2023, the ROA decreased to 3.18% from 6.06% in 2022, indicating a decline in the company's ability to generate profit from its assets. This decline could be a cause for concern as it represents a less efficient use of the company's resources.

Comparing the ROA to previous years, 2021 and 2019 had positive ROA values of 3.63% and 0.34% respectively, indicating some level of profitability from the company's assets. However, in 2020, the ROA was significantly negative at -17.84%, suggesting that the company experienced a severe drop in profitability or faced challenges in asset utilization during that year.

Overall, Permian Resources Corp's ROA performance has been mixed, with fluctuations in profitability from its assets. It is essential for the company to closely monitor its ROA and take strategic measures to improve asset efficiency and overall profitability in the future.