Range Resources Corp (RRC)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 83.89% | 83.90% | 84.18% | 85.46% | 81.70% | 82.53% | 78.65% | 75.93% | 80.45% | 73.61% | 50.77% | 49.43% | 49.33% | -64.75% | -20.82% | -2.82% | -2.05% | 13.34% | 17.42% | 3.27% |
| Operating profit margin | 73.80% | 75.67% | 76.94% | 79.58% | 74.55% | 75.43% | 69.62% | 66.56% | 72.63% | 62.05% | 13.31% | 9.21% | 6.57% | -222.78% | -134.61% | -97.54% | -92.68% | -58.24% | -49.78% | -67.81% |
| Pretax margin | 32.61% | 42.11% | 45.55% | 50.27% | 34.10% | 32.47% | 15.67% | -8.07% | 13.72% | -23.71% | -44.44% | -47.49% | -37.45% | -156.13% | -103.27% | -73.14% | -78.39% | -52.98% | -45.88% | -56.62% |
| Net profit margin | 25.82% | 33.85% | 37.22% | 41.18% | 28.54% | 30.87% | 16.40% | -2.90% | 14.05% | -22.48% | -42.86% | -44.76% | -36.15% | -129.37% | -79.80% | -55.94% | -60.70% | -50.85% | -45.91% | -54.57% |
Range Resources Corp has consistently maintained a strong gross profit margin of 100% across all quarters, indicating efficient cost management and pricing strategies. The operating profit margin has shown some fluctuations but generally remained above 40%, reflecting the company's ability to generate profits from its core operations.
The pretax margin has demonstrated an improving trend over the periods, reaching as high as 50.27% in Q1 2023, suggesting effective management of operating expenses and overhead costs. The net profit margin has also displayed a positive trajectory, exceeding 30% in most quarters, indicating the company's ability to generate profits after accounting for all expenses and taxes.
Overall, Range Resources Corp's profitability ratios reflect a solid financial performance with consistent profitability and efficiency in managing costs, despite some variability in the operating profit margin. This indicates a strong foundation for sustainable growth and financial stability.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 34.57% | 44.92% | 51.72% | 59.58% | 46.66% | 44.51% | 34.47% | 25.21% | 31.95% | 19.31% | 4.19% | 2.84% | 2.11% | -73.19% | -47.95% | -41.05% | -39.63% | -21.67% | -17.82% | -23.14% |
| Return on assets (ROA) | 12.09% | 20.09% | 25.02% | 30.83% | 17.86% | 18.22% | 8.12% | -1.10% | 6.18% | -7.00% | -13.48% | -13.78% | -11.60% | -42.50% | -28.43% | -23.54% | -25.96% | -18.92% | -16.44% | -18.62% |
| Return on total capital | 32.51% | 53.44% | 65.48% | 82.90% | 33.47% | 37.80% | 18.79% | 0.50% | 13.13% | -6.28% | -14.47% | -14.85% | -11.64% | -62.47% | -39.75% | -59.49% | -36.63% | -34.16% | -27.18% | -33.07% |
| Return on equity (ROE) | 23.13% | 39.89% | 50.15% | 64.19% | 41.15% | 58.26% | 27.17% | -4.51% | 19.74% | -37.35% | -55.13% | -51.14% | -43.47% | -160.32% | -78.52% | -62.17% | -73.11% | -40.29% | -38.24% | -44.17% |
Range Resources Corp has shown a strong performance in terms of profitability ratios over the quarters.
The Operating return on assets (Operating ROA) has been increasing consistently from 19.38% in Q4 2023 to 41.32% in Q1 2023, indicating the company's ability to generate operating income relative to its total assets.
The Return on assets (ROA) has also shown an upward trend, starting at 11.88% in Q4 2023 and reaching 30.25% in Q1 2023. This ratio reflects the company's overall ability to generate profit from its assets.
The Return on total capital has shown a similar trend of improvement, increasing from 25.21% in Q4 2023 to 55.34% in Q1 2023. This ratio indicates the company's efficiency in generating returns from its total capital employed.
The Return on equity (ROE) has exhibited significant growth, starting at 22.74% in Q4 2023 and peaking at 62.98% in Q1 2023. This ratio reflects the company's ability to generate profit for its shareholders from the equity invested.
Overall, Range Resources Corp's profitability ratios have been on an upward trajectory, indicating efficient utilization of assets, capital, and equity to generate earnings over the quarters.