Range Resources Corp (RRC)
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 | 266,340 | 481,532 | 480,306 | 481,833 | 871,142 | 1,375,344 | 1,699,001 | 2,121,625 | 1,183,370 | 1,260,500 | 537,146 | -72,181 | 411,778 | -441,187 | -839,710 | -850,821 | -711,777 | -2,555,498 | -1,834,289 | -1,551,521 |
| Total assets | US$ in thousands | 7,347,680 | 7,241,300 | 7,266,220 | 7,371,800 | 7,203,880 | 6,845,940 | 6,790,170 | 6,882,270 | 6,625,560 | 6,919,780 | 6,615,100 | 6,560,280 | 6,660,510 | 6,304,190 | 6,229,430 | 6,174,660 | 6,136,940 | 6,012,900 | 6,452,210 | 6,589,640 |
| ROA | 3.62% | 6.65% | 6.61% | 6.54% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $266,340K ÷ $7,347,680K
= 3.62%
Range Resources Corp's return on assets (ROA) has exhibited significant fluctuations over the past few years. The company reported negative ROA figures in the range of -23.54% to -42.50% in the first three quarters of 2020, indicating inefficiency in generating profits relative to its assets during that period.
However, the trend started to improve in the latter part of 2020 and continued into 2021, with ROA improving to -1.10% by March 2022 and turning positive at 6.18% by December 2021. This positive momentum was sustained through 2022 and 2023, with ROA increasing to 30.83% by March 31, 2023, before stabilizing at around 6-8% in the following quarters.
The company's ROA then experienced a slight decline towards the end of 2024 to 3.62% by December 31, 2024. Overall, Range Resources Corp's ROA has shown a mix of negative and positive trends, indicating fluctuations in its efficiency in utilizing assets to generate earnings. It will be important for stakeholders to monitor future ROA trends to assess the company's asset management effectiveness and overall financial performance.
Peer comparison
Dec 31, 2024