Stock Analysis on Net
Stock Analysis on Net

Texas Pacific Land Corp. (NYSE:TPL)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 6, 2024.

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Texas Pacific Land Corp., ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net income1 ÷ Total assets1
Dec 31, 2023 = 100 × ÷
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
Dec 31, 2009 = 100 × ÷
Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 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), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

The financial data reveals several notable trends in the company's performance over the analyzed period. Net income exhibits an overall upward trajectory, with certain fluctuations. Starting from a relatively modest level in 2005, net income increased with some volatility, reaching peak values in 2019 and 2022, followed by a slight decline in 2023. This suggests periods of significant profitability expansion, punctuated by shorter intervals of correction or slower growth.

Total assets demonstrate a consistent growth pattern, advancing from around 32 million in 2005 to over 1.15 billion in 2023. This reflects substantial asset accumulation or valuation increases over the years, indicating expansion in the company's asset base and possibly its operational scale. The asset growth accelerated notably after 2013, implying a phase of intensified investment or asset acquisition.

Return on assets (ROA) shows considerable variability but remains relatively high through most years. ROA started above 25% in 2005, with spikes reaching above 90% between 2010 and 2014, and maintained generally strong returns with values mostly above 30% in subsequent years. The highest ROA values occurred around 2012 to 2014, coinciding roughly with rapid asset growth, signaling efficient asset utilization during this period. A decline in ROA is seen after 2019, possibly reflecting the increasing asset base outpacing net income growth or changes in profitability dynamics.

In summary, the company experienced robust growth and profitability over the examined timespan, with net income and assets expanding significantly. High ROA values illustrate effective use of its asset base, though some recent moderation in ROA points to evolving operational conditions or investment impacts. The data indicates a generally positive financial trajectory with phases of accelerated growth and strong profitability metrics.

Net Income
Shows overall growth from 2005 to 2023, with peaks notably in 2019 and 2022 and a minor decrease in 2023.
Total Assets
Displays steady and accelerating increase, especially after 2013, culminating in over 1.15 billion by 2023.
Return on Assets (ROA)
Remains high across the period, with peaks above 90% in the early 2010s, followed by some decline but sustained strong profitability.

Comparison to Competitors

Texas Pacific Land Corp., ROA, long-term trends, comparison to competitors

Microsoft Excel
Texas Pacific Land Corp. Chevron Corp. ConocoPhillips Exxon Mobil Corp. Occidental Petroleum Corp.
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
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Dec 31, 2014
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Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 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), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Oil, Gas & Consumable Fuels)

Texas Pacific Land Corp., ROA, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel
Texas Pacific Land Corp. Oil, Gas & Consumable Fuels
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
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Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
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Dec 31, 2005

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 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), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Energy)

Texas Pacific Land Corp., ROA, long-term trends, comparison to industry (energy)

Microsoft Excel
Texas Pacific Land Corp. Energy
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
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Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 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), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).