Range Resources Corp (RRC)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	266,340	871,142	1,183,370	411,778	-711,777
Total assets	US$ in thousands	7,347,680	7,203,880	6,625,560	6,660,510	6,136,940
ROA		3.62%	12.09%	17.86%	6.18%	-11.60%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $266,340K ÷ $7,347,680K
= 3.62%

Range Resources Corp has shown a fluctuating trend in its return on assets (ROA) over the past five years. In December 31, 2020, the company reported a negative ROA of -11.60%, indicating that its assets were not efficiently generating profit. However, the situation improved in the following years, with ROA increasing to 6.18% by December 31, 2021, and further rising to 17.86% by December 31, 2022, showing a significant improvement in asset utilization and profitability.

In 2023, the ROA decreased slightly to 12.09%, which might indicate a slight dip in the company's efficiency in generating profit from its assets. By December 31, 2024, the ROA further decreased to 3.62%, signaling a decline in the company's ability to generate profits relative to its assets.

Overall, Range Resources Corp's ROA has shown variability over the years, with an initial improvement but followed by some fluctuations and a decline in recent years. This trend suggests that the company may need to focus on optimizing its asset efficiency and profitability to sustain and enhance its financial performance in the future.