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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Civitas Resources's annualized net income for the quarter that ended in Jun. 2024 was $864 Mil. Civitas Resources's average Total Stockholders Equity over the quarter that ended in Jun. 2024 was $6,610 Mil. Therefore, Civitas Resources's annualized ROE % for the quarter that ended in Jun. 2024 was 13.07%.
The historical rank and industry rank for Civitas Resources's ROE % or its related term are showing as below:
During the past 9 years, Civitas Resources's highest ROE % was 24.89%. The lowest was -1,043.75%. And the median was 10.45%.
The historical data trend for Civitas Resources's ROE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Civitas Resources Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
ROE % | Get a 7-Day Free Trial | 7.45 | 10.45 | 6.28 | 24.89 | 13.57 |
Civitas Resources Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
ROE % | Get a 7-Day Free Trial | 10.98 | 10.10 | 19.86 | 10.97 | 13.07 |
For the Oil & Gas E&P subindustry, Civitas Resources's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Civitas Resources's ROE % distribution charts can be found below:
* The bar in red indicates where Civitas Resources's ROE % falls into.
Civitas Resources's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as
ROE % | = | Net Income (A: Dec. 2023 ) | / | ( (Total Stockholders Equity (A: Dec. 2022 ) | + | Total Stockholders Equity (A: Dec. 2023 )) | / count ) |
= | 784.288 | / | ( (5373.919 | + | 6181.321) | / 2 ) | |
= | 784.288 | / | 5777.62 | ||||
= | 13.57 % |
Civitas Resources's annualized ROE % for the quarter that ended in Jun. 2024 is calculated as
ROE % | = | Net Income (Q: Jun. 2024 ) | / | ( (Total Stockholders Equity (Q: Mar. 2024 ) | + | Total Stockholders Equity (Q: Jun. 2024 )) | / count ) |
= | 863.956 | / | ( (6634.928 | + | 6586.017) | / 2 ) | |
= | 863.956 | / | 6610.4725 | ||||
= | 13.07 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2024) net income data. ROE % is displayed in the 30-year financial page.
Civitas Resources (NYSE:CIVI) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
ROE % | (Q: Jun. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 863.956 | / | 6610.4725 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (863.956 / 5250.776) | * | (5250.776 / 15062.6565) | * | (15062.6565 / 6610.4725) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 16.45 % | * | 0.3486 | * | 2.2786 |
= | ROA % | * | Equity Multiplier | ||
= | 5.73 % | * | 2.2786 | ||
= | 13.07 % |
With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.
The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:
ROE % | (Q: Jun. 2024 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | 863.956 | / | 6610.4725 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (863.956 / 1131.928) | * | (1131.928 / 1578.976) | * | (1578.976 / 5250.776) | * | (5250.776 / 15062.6565) | * | (15062.6565 / 6610.4725) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.7633 | * | 0.7169 | * | 30.07 % | * | 0.3486 | * | 2.2786 |
= | 13.07 % |
Note: The net income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (Jun. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income. * In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Thank you for viewing the detailed overview of Civitas Resources's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Canada Pension Plan Investment Board | 10 percent owner | ONE QUEEN STREET EAST, STE 2500, TORONTO ONTARIO A6 0000 |
Jeffrey S Kelly | officer: Chief Transformation Officer | C/O CIVITAS RESOURCES, 555 17TH STREET, SUITE 3700, DENVER CO 80202 |
Kimmeridge Energy Management Company, Llc | director, 10 percent owner, other: See Remarks | 15 LITTLE WEST 12TH STREET, 5TH FLOOR, NEW YORK NY 10014 |
Travis L Counts | officer: Chief Legal Officer & Sec. | 555 17TH STREET, SUITE 3700, DENVER CO 80202 |
Thomas Hodge Walker | officer: Chief Operating Officer | 1001 NOBLE ENERGY WAY, HOUSTON TX 77070 |
Deborah L Byers | director | C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381 |
Van Kempen Wouter T. | director | 370 17TH STREET, SUITE 2500, DENVER CO 80202 |
Sandra Garbiso | officer: Vice President and CAO | 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
M. Christopher Doyle | officer: President & CEO | 555 - 17TH STREET, SUITE 3700, DENVER CO 80022 |
Brian Cain | officer: Chief Sustainability Officer | 410-17TH STREET, SUITE 1400, DENVER CO 80202 |
Dean Tinsley | officer: SVP, Operations | 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
Brant Demuth | officer: EVP & Chief Financial Officer | 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
Paul Keglevic | director | STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024 |
Marter Iv Cyrus D | officer: SVP, General Counsel & Secy. | 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
Morris R Clark | director | CIVITAS RESOURCES, INC., 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
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