Range Resources Corp (RRC)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	1,790,220	2,484,330	3,084,160	2,130,900	122,465
Total assets	US$ in thousands	7,347,680	7,203,880	6,625,560	6,660,510	6,136,940
Operating ROA		24.36%	34.49%	46.55%	31.99%	2.00%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $1,790,220K ÷ $7,347,680K
= 24.36%

Range Resources Corp has shown a significant improvement in its operating return on assets (ROA) over the years, indicating the efficiency of the company in generating profits from its operating assets.

In December 2020, the operating ROA stood at 2.00%, signaling a relatively lower performance level. However, there has been a remarkable upward trend in subsequent years. By December 2021, the operating ROA surged to 31.99%, reflecting a substantial increase in profitability generated from the company's operating assets.

This positive momentum continued in December 2022, with the operating ROA reaching 46.55%, indicating a sharp improvement in efficiency and profitability. Although there was a slight decline in December 2023 to 34.49%, the operating ROA remained at a relatively high level, demonstrating the company's ability to effectively utilize its assets to generate returns.

By December 2024, Range Resources Corp's operating ROA stood at 24.36%, which, while lower than the peak in 2022, still reflects a strong performance in generating profits from operating assets.

Overall, the trend in Range Resources Corp's operating ROA shows a significant enhancement in efficiency and profitability over the analyzed period, with the company successfully increasing its returns generated from its operating assets.