Range Resources Corp (RRC)
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 | 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 | -1,716,297 | -1,675,397 | -1,599,277 | -1,794,298 |
| Total assets | US$ in thousands | 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 | 6,612,400 | 8,854,200 | 9,728,310 | 9,635,060 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $871,142K ÷ $7,203,880K
= 12.09%
Range Resources Corp's return on assets (ROA) has shown significant fluctuations over the past few quarters. In Q1 2022, the company had a negative ROA of -1.10%, indicating that its assets were not generating sufficient profits. However, in the subsequent quarters, Range Resources Corp's ROA improved consistently.
The ROA increased to 7.94% in Q2 2022 and further to 17.92% in Q3 2022, signaling a positive trend in asset utilization and profitability. However, in Q4 2022, there was a slight decrease to 17.43% before a sharp decline to 11.88% in Q1 2023.
In Q2 2023, Range Resources Corp's ROA experienced a notable improvement, reaching 24.60%, which further increased to 30.25% in Q3 2023. This significant surge indicates that the company managed to generate substantial profits relative to its total assets during these periods.
Overall, Range Resources Corp's ROA has shown volatility over the analyzed quarters, with both positive and negative fluctuations. Further analysis could be necessary to understand the factors driving these changes and assess the company's overall efficiency in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2023