Return on Assets (ROA)
since 2021
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- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2021
- Return on Equity (ROE) since 2021
- Price to Book Value (P/BV) since 2021
- Aggregate Accruals
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Calculation
Expand Energy Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | = | 100 | × | ÷ | |||
| Dec 31, 2023 | = | 100 | × | ÷ | |||
| Dec 31, 2022 | = | 100 | × | ÷ | |||
| Dec 31, 2021 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 US$ in millions
- Net Income (Loss)
- There is a clear declining trend in net income over the analyzed period. Starting at 6328 million US dollars in 2021, the net income decreased to 4936 million in 2022, further declined to 2419 million in 2023, and finally turned into a loss of 714 million in 2024. This progression indicates increasing profitability challenges over the four years.
- Total Assets
- Total assets showed a mixed trend. Initially, assets grew significantly from 11,009 million US dollars in 2021 to 15,468 million in 2022. However, in 2023, total assets slightly decreased to 14,376 million. Remarkably, in 2024 assets almost doubled to 27,894 million, suggesting substantial asset acquisition or revaluation despite the net loss reported in the same year.
- Return on Assets (ROA)
- ROA declined steadily throughout the period, reflecting reduced efficiency in generating profit from assets. ROA was very high at 57.48% in 2021 but dropped to 31.91% in 2022 and further to 16.83% in 2023. By 2024, ROA turned negative to -2.56%, corresponding with the net loss and indicating that asset utilization did not produce returns and negatively impacted overall profitability.
Comparison to Competitors
Expand Energy Corp., ROA, long-term trends, comparison to competitors
| Expand Energy Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2024 | |||||
| Dec 31, 2023 | |||||
| Dec 31, 2022 | |||||
| Dec 31, 2021 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Expand Energy Corp., ROA, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Expand Energy Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Comparison to Industry (Energy)
Expand Energy Corp., ROA, long-term trends, comparison to industry (energy)
| Expand Energy Corp. | Energy | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).