Return on Assets (ROA)
since 2012
Calculation
Diamondback Energy Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to Diamondback Energy, Inc.1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 9.53% | = | 100 | × | 2,182) | ÷ | 22,898) |
| Dec 31, 2020 | -25.64% | = | 100 | × | (4,517) | ÷ | 17,619) |
| Dec 31, 2019 | 1.02% | = | 100 | × | 240) | ÷ | 23,531) |
| Dec 31, 2018 | 3.92% | = | 100 | × | 846) | ÷ | 21,596) |
| Dec 31, 2017 | 6.21% | = | 100 | × | 482) | ÷ | 7,771) |
| Dec 31, 2016 | -3.08% | = | 100 | × | (165) | ÷ | 5,350) |
| Dec 31, 2015 | -19.96% | = | 100 | × | (551) | ÷ | 2,758) |
| Dec 31, 2014 | 6.26% | = | 100 | × | 194) | ÷ | 3,095) |
| Dec 31, 2013 | 3.59% | = | 100 | × | 55) | ÷ | 1,522) |
| Dec 31, 2012 | -6.02% | = | 100 | × | (37) | ÷ | 607) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
1 US$ in millions
- Net Income (Loss) Attributable to Diamondback Energy, Inc.
- The net income demonstrated significant volatility throughout the period analyzed. Starting with a loss of $37 million in 2012, the company recovered to a positive income of $55 million in 2013 and further increased to $194 million in 2014. However, a severe downturn occurred in 2015 and 2016, with losses of $551 million and $165 million respectively. The financial performance improved markedly beginning in 2017, peaking at $846 million in 2018, followed by a decrease to $240 million in 2019. Another major loss was recorded in 2020, reaching $4.517 billion, which was then followed by a significant rebound to a net income of $2.182 billion in 2021.
- Total Assets
- Total assets exhibited a consistent upward trend across the years, except for a few fluctuations. From $607 million in 2012, assets grew steadily to $1.522 billion in 2013 and then more than doubled to $3.095 billion in 2014. After a slight decline in 2015 to $2.758 billion, assets rose sharply to $5.350 billion by 2016 and continued increasing to $7.771 billion in 2017. A remarkable surge was noticed in 2018, with assets almost tripling to $21.596 billion, then slightly rising to $23.531 billion in 2019, followed by a decrease to $17.619 billion in 2020. The asset base recovered again in 2021, reaching $22.898 billion.
- Return on Assets (ROA)
- The return on assets mirrored the net income fluctuations, reflecting high variability and volatility in profitability relative to asset levels. The ROA started negative at -6.02% in 2012, and improved to positive levels of 3.59% and 6.26% in the following two years. Significant negative returns were recorded in 2015 (-19.96%) and 2016 (-3.08%), followed by a recovery to 6.21% in 2017. ROA declined again to more moderate levels of 3.92% in 2018 and 1.02% in 2019 before a steep fall to -25.64% in 2020. The most recent period shows a strong rebound to 9.53% in 2021.
AI Ask an analyst for more
Comparison to Competitors
Diamondback Energy Inc., ROA, long-term trends, comparison to competitors
| Diamondback Energy Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Dec 31, 2021 | 9.53% | 6.52% | 8.91% | 6.80% |
| Dec 31, 2020 | -25.64% | -2.31% | -4.31% | -6.74% |
| Dec 31, 2019 | 1.02% | 1.23% | 10.20% | 3.95% |
| Dec 31, 2018 | 3.92% | 5.84% | 8.94% | 6.02% |
| Dec 31, 2017 | 6.21% | 3.62% | -1.17% | 5.65% |
| Dec 31, 2016 | -3.08% | -0.19% | -4.03% | 2.37% |
| Dec 31, 2015 | -19.96% | 1.72% | -4.54% | 4.80% |
| Dec 31, 2014 | 6.26% | 7.23% | 5.89% | 9.30% |
| Dec 31, 2013 | 3.59% | 8.44% | 7.76% | 9.39% |
| Dec 31, 2012 | -6.02% | 11.24% | 7.19% | 13.45% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Diamondback Energy Inc., ROA, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Diamondback Energy Inc. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2021 | 9.53% | 6.99% |
| Dec 31, 2020 | -25.64% | -4.83% |
| Dec 31, 2019 | 1.02% | 3.65% |
| Dec 31, 2018 | 3.92% | 6.26% |
| Dec 31, 2017 | 6.21% | 4.15% |
| Dec 31, 2016 | -3.08% | 0.55% |
| Dec 31, 2015 | -19.96% | 2.33% |
| Dec 31, 2014 | 6.26% | 8.01% |
| Dec 31, 2013 | 3.59% | 8.79% |
| Dec 31, 2012 | -6.02% | 11.62% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Industry (Energy)
Diamondback Energy Inc., ROA, long-term trends, comparison to industry (energy)
| Diamondback Energy Inc. | Energy | |
|---|---|---|
| Dec 31, 2021 | 9.53% | 6.84% |
| Dec 31, 2020 | -25.64% | -6.08% |
| Dec 31, 2019 | 1.02% | 1.97% |
| Dec 31, 2018 | 3.92% | 5.95% |
| Dec 31, 2017 | 6.21% | 3.55% |
| Dec 31, 2016 | -3.08% | 0.27% |
| Dec 31, 2015 | -19.96% | 2.39% |
| Dec 31, 2014 | 6.26% | 8.02% |
| Dec 31, 2013 | 3.59% | 8.90% |
| Dec 31, 2012 | -6.02% | 11.40% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).