Permian Resources Corporation (PR)

Return on assets (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
Net income (ttm)	US$ in thousands	476,306	304,002	482,928	601,355	515,037	592,738	405,503	188,622	138,175	-106,507	-195,160	-164,775	-678,113	-584,564	-536,620	-524,073	15,798	37,160	80,033	125,697
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
ROA		3.18%	3.30%	5.41%	6.89%	6.06%	6.88%	9.60%	4.76%	3.63%	-2.74%	-5.04%	-4.28%	-17.72%	-14.90%	-13.35%	-12.76%	0.34%	0.80%	1.76%	2.81%

December 31, 2023 calculation

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

Permian Resources Corp's return on assets (ROA) has shown variability over the past eight quarters. ROA was relatively high in Q2 2022 at 9.60%, indicating that the company generated significant profit relative to its assets during that period. However, there has been a downward trend in ROA since then, with Q1 2023 recording the lowest ROA at 3.18%. This decline suggests that the company's ability to generate earnings from its assets has weakened over recent quarters.

The average ROA over the past eight quarters is 5.80%, which can serve as a benchmark for evaluating future performance. Investors and analysts may want to closely monitor Permian Resources Corp's ROA in upcoming quarters to assess whether the company can improve its efficiency in utilizing assets to generate profits. It is crucial for the company to focus on enhancing asset management and operational efficiency to potentially boost ROA and overall financial performance.