Permian Resources Corporation (PR)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 984,701 | 1,023,405 | 682,462 | 520,761 | 593,987 | 537,341 | 835,412 | 953,839 | 749,840 | 711,883 | 405,503 | 188,622 | 138,175 | -111,231 | -199,884 | -169,499 | -682,837 | -584,564 | -536,620 | -524,073 |
| Total assets | US$ in thousands | 16,897,900 | 16,615,600 | 15,408,700 | 15,081,300 | 15,070,700 | 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 |
| ROA | 5.83% | 6.16% | 4.43% | 3.45% | 3.94% | 5.83% | 9.36% | 10.93% | 8.83% | 8.27% | 9.60% | 4.76% | 3.63% | -2.87% | -5.16% | -4.40% | -17.84% | -14.90% | -13.35% | -12.76% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $984,701K ÷ $16,897,900K
= 5.83%
Permian Resources Corporation's return on assets (ROA) has shown fluctuations over the given period from negative percentages to positive percentages.
The company's ROA was in negative territory throughout the first half of the period, with figures ranging from around -12.76% to as low as -17.84% at the end of December 2020. This indicates that the company was experiencing challenges generating profits relative to its assets during this time.
However, the trend started to improve in the latter half of the period, with ROA turning positive from March 31, 2022, onwards. The positive ROA figures ranged from 3.63% to 10.93% by the end of March 31, 2024. This upswing in ROA suggests that the company's profitability in relation to its assets has improved significantly, reflecting potentially better operational efficiency and financial performance.
Overall, the company's ROA performance indicates a transition from a period of low profitability to a more positive trend, showcasing potential improvements in the company's operational effectiveness and financial health. This positive trend in ROA could be a favorable indicator for investors and stakeholders as it signifies the company's ability to better utilize its assets to generate profits.
Peer comparison
Dec 31, 2024