Permian Resources Corporation (PR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 984,701 | 476,306 | 749,840 | 138,175 | -685,199 |
| Total assets | US$ in thousands | 16,897,900 | 14,965,600 | 8,492,590 | 3,804,590 | 3,827,420 |
| ROA | 5.83% | 3.18% | 8.83% | 3.63% | -17.90% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $984,701K ÷ $16,897,900K
= 5.83%
Permian Resources Corporation's return on assets (ROA) has shown significant fluctuations over the five-year period from 2020 to 2024.
- In December 31, 2020, the ROA was negative at -17.90%, indicating that the company's net income was insufficient to cover its assets, which could be a concerning sign of underperformance or financial distress.
- By December 31, 2021, Permian Resources showed an improvement in its ROA to 3.63%. This positive return suggests that the company was able to generate a modest profit relative to its assets.
- The ROA continued to increase in the following years, reaching 8.83% by December 31, 2022. This substantial rise could indicate improved operational efficiency and profitability.
- However, by December 31, 2023, the ROA declined to 3.18%, signaling a potential decrease in the company's ability to generate earnings from its assets.
- In the most recent period of December 31, 2024, the ROA rebounded to 5.83%, showing a partial recovery in the company's ability to generate profits relative to its asset base.
Overall, Permian Resources Corporation's ROA has displayed volatility, highlighting the company's fluctuating efficiency in utilizing its assets to generate returns. Further analysis of the underlying factors driving these fluctuations would be necessary to assess the company's financial performance comprehensively.
Peer comparison
Dec 31, 2024