Comstock Resources Stock Return On Asset

CRK Stock

USD 10.32 0.02 0.19%

Comstock Resources fundamentals help investors to digest information that contributes to Comstock Resources' financial success or failures. It also enables traders to predict the movement of Comstock Stock. The fundamental analysis module provides a way to measure Comstock Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Comstock Resources stock.

Short Long Term Debt Total Total Assets

Return On Assets is expected to rise to 0.03 this year.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Comstock Resources Company Return On Asset Analysis

Comstock Resources' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current Comstock Resources Return On Asset

0.0237

Most of Comstock Resources' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Comstock Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Comstock Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Comstock Resources is extremely important. It helps to project a fair market value of Comstock Stock properly, considering its historical fundamentals such as Return On Asset. Since Comstock Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Comstock Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Comstock Resources' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Total Liab	Total Current Assets	Net Receivables	Short Term Debt	Accounts Payable	Common Stock	Current Deferred Revenue	Short Term Investments	Net Tangible Assets	Long Term Debt	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Property Plant Equipment	Accumulated Depreciation	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.94	0.94	0.7	0.98	0.8	0.83	-0.4	0.95	0.97	0.18	0.06	0.81	0.83	0.82	0.82	0.83	0.85	0.37	-0.43	0.39	-0.59	0.91	-0.85	0.6
Total Stockholder Equity	0.94		0.78	0.87	0.86	0.7	0.79	-0.47	0.9	0.89	0.13	0.18	0.92	0.66	0.65	0.72	0.88	0.84	0.33	-0.6	0.15	-0.42	0.81	-0.71	0.41
Net Debt	0.94	0.78		0.43	0.99	0.77	0.75	-0.29	0.86	0.93	0.2	-0.07	0.59	0.93	0.92	0.82	0.64	0.78	0.38	-0.24	0.56	-0.7	0.9	-0.9	0.73
Retained Earnings	0.7	0.87	0.43		0.54	0.49	0.55	-0.4	0.69	0.59	-0.04	0.32	0.91	0.29	0.27	0.41	0.81	0.63	0.27	-0.63	-0.19	-0.14	0.5	-0.35	0.09
Total Liab	0.98	0.86	0.99	0.54		0.8	0.8	-0.35	0.91	0.96	0.2	-0.01	0.69	0.9	0.89	0.83	0.74	0.82	0.37	-0.3	0.51	-0.67	0.93	-0.89	0.7
Total Current Assets	0.8	0.7	0.77	0.49	0.8		0.91	-0.12	0.92	0.83	0.46	-0.05	0.57	0.69	0.67	0.78	0.72	0.62	0.23	-0.19	0.56	-0.42	0.83	-0.68	0.41
Net Receivables	0.83	0.79	0.75	0.55	0.8	0.91		-0.33	0.89	0.88	0.58	0.05	0.65	0.72	0.71	0.81	0.74	0.76	0.35	-0.36	0.42	-0.46	0.86	-0.74	0.47
Short Term Debt	-0.4	-0.47	-0.29	-0.4	-0.35	-0.12	-0.33		-0.3	-0.42	0.15	-0.5	-0.5	-0.29	-0.26	-0.31	-0.58	-0.48	-0.66	0.68	0.36	0.37	-0.4	0.41	-0.31
Accounts Payable	0.95	0.9	0.86	0.69	0.91	0.92	0.89	-0.3		0.94	0.26	0.02	0.79	0.74	0.72	0.83	0.86	0.77	0.27	-0.4	0.44	-0.48	0.9	-0.8	0.44
Common Stock	0.97	0.89	0.93	0.59	0.96	0.83	0.88	-0.42	0.94		0.26	0.08	0.75	0.87	0.85	0.87	0.82	0.85	0.46	-0.43	0.47	-0.68	0.97	-0.93	0.64
Current Deferred Revenue	0.18	0.13	0.2	-0.04	0.2	0.46	0.58	0.15	0.26	0.26		-0.45	-0.08	0.27	0.3	0.33	-0.04	0.19	0.01	0.21	0.45	-0.11	0.28	-0.16	0.15
Short Term Investments	0.06	0.18	-0.07	0.32	-0.01	-0.05	0.05	-0.5	0.02	0.08	-0.45		0.39	-0.05	-0.07	-0.01	0.41	0.21	0.42	-0.56	-0.5	-0.07	0.07	-0.08	0.05
Net Tangible Assets	0.81	0.92	0.59	0.91	0.69	0.57	0.65	-0.5	0.79	0.75	-0.08	0.39		0.47	0.45	0.6	0.92	0.77	0.28	-0.65	-0.06	-0.26	0.69	-0.55	0.33
Long Term Debt	0.83	0.66	0.93	0.29	0.9	0.69	0.72	-0.29	0.74	0.87	0.27	-0.05	0.47		1.0	0.9	0.53	0.86	0.45	-0.21	0.57	-0.68	0.91	-0.89	0.79
Long Term Debt Total	0.82	0.65	0.92	0.27	0.89	0.67	0.71	-0.26	0.72	0.85	0.3	-0.07	0.45	1.0		0.89	0.48	0.85	0.43	-0.17	0.58	-0.69	0.89	-0.88	0.81
Capital Surpluse	0.82	0.72	0.82	0.41	0.83	0.78	0.81	-0.31	0.83	0.87	0.33	-0.01	0.6	0.9	0.89		0.67	0.9	0.33	-0.34	0.51	-0.47	0.94	-0.83	0.6
Deferred Long Term Liab	0.83	0.88	0.64	0.81	0.74	0.72	0.74	-0.58	0.86	0.82	-0.04	0.41	0.92	0.53	0.48	0.67		0.73	0.42	-0.68	0.05	-0.39	0.78	-0.66	0.32
Property Plant Equipment	0.85	0.84	0.78	0.63	0.82	0.62	0.76	-0.48	0.77	0.85	0.19	0.21	0.77	0.86	0.85	0.9	0.73		0.47	-0.52	0.22	-0.48	0.89	-0.78	0.63
Accumulated Depreciation	0.37	0.33	0.38	0.27	0.37	0.23	0.35	-0.66	0.27	0.46	0.01	0.42	0.28	0.45	0.43	0.33	0.42	0.47		-0.43	-0.07	-0.74	0.47	-0.54	0.54
Long Term Investments	-0.43	-0.6	-0.24	-0.63	-0.3	-0.19	-0.36	0.68	-0.4	-0.43	0.21	-0.56	-0.65	-0.21	-0.17	-0.34	-0.68	-0.52	-0.43		0.5	0.06	-0.35	0.38	-0.01
Short Long Term Debt	0.39	0.15	0.56	-0.19	0.51	0.56	0.42	0.36	0.44	0.47	0.45	-0.5	-0.06	0.57	0.58	0.51	0.05	0.22	-0.07	0.5		-0.49	0.53	-0.52	0.38
Cash And Equivalents	-0.59	-0.42	-0.7	-0.14	-0.67	-0.42	-0.46	0.37	-0.48	-0.68	-0.11	-0.07	-0.26	-0.68	-0.69	-0.47	-0.39	-0.48	-0.74	0.06	-0.49		-0.68	0.8	-0.78
Net Invested Capital	0.91	0.81	0.9	0.5	0.93	0.83	0.86	-0.4	0.9	0.97	0.28	0.07	0.69	0.91	0.89	0.94	0.78	0.89	0.47	-0.35	0.53	-0.68		-0.92	0.69
Net Working Capital	-0.85	-0.71	-0.9	-0.35	-0.89	-0.68	-0.74	0.41	-0.8	-0.93	-0.16	-0.08	-0.55	-0.89	-0.88	-0.83	-0.66	-0.78	-0.54	0.38	-0.52	0.8	-0.92		-0.71
Capital Stock	0.6	0.41	0.73	0.09	0.7	0.41	0.47	-0.31	0.44	0.64	0.15	0.05	0.33	0.79	0.81	0.6	0.32	0.63	0.54	-0.01	0.38	-0.78	0.69	-0.71

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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.

Competition

Predict Comstock Resources

Comstock Total Assets

Total Assets

6.79 Billion

At this time, Comstock Resources' Total Assets are quite stable compared to the past year.

Based on the latest financial disclosure, Comstock Resources has a Return On Asset of 0.0237. This is 40.75% lower than that of the Oil, Gas & Consumable Fuels sector and 100.33% lower than that of the Energy industry. The return on asset for all United States stocks is 116.93% lower than that of the firm.

Comstock Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Comstock Resources' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Comstock Resources could also be used in its relative valuation, which is a method of valuing Comstock Resources by comparing valuation metrics of similar companies.

Comstock Resources is currently under evaluation in return on asset category among related companies.

Comstock Fundamentals

	Return On Equity	0.0909
	Return On Asset	0.0237
	Profit Margin	0.14 %
	Operating Margin	0.12 %
	Current Valuation	5.59 B
	Shares Outstanding	292.2 M
	Shares Owned By Insiders	69.04 %
	Shares Owned By Institutions	35.05 %
	Number Of Shares Shorted	29.33 M
	Price To Earning	17.08 X
	Price To Book	1.18 X
	Price To Sales	1.78 X
	Revenue	1.57 B
	Gross Profit	2.82 B
	EBITDA	834.38 M
	Net Income	211.57 M
	Cash And Equivalents	54.65 M
	Cash Per Share	0.14 X
	Total Debt	2.71 B
	Debt To Equity	1.81 %
	Current Ratio	0.55 X
	Book Value Per Share	8.47 X
	Cash Flow From Operations	1.02 B
	Short Ratio	6.48 X
	Earnings Per Share	0.76 X
	Price To Earnings To Growth	(0.04) X
	Target Price	9.71
	Number Of Employees	251
	Beta	0.74
	Market Capitalization	3.02 B
	Total Asset	6.47 B
	Retained Earnings	958.27 M
	Working Capital	(220 M)
	Current Asset	156.24 M
	Current Liabilities	95.72 M
	Annual Yield	0.07 %
	Net Asset	6.47 B
	Last Dividend Paid	0.5

About Comstock Resources Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Comstock Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Comstock Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Comstock Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Comstock Resources Investors Sentiment

The influence of Comstock Resources' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Comstock. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Comstock Resources' public news can be used to forecast risks associated with an investment in Comstock. The trend in average sentiment can be used to explain how an investor holding Comstock can time the market purely based on public headlines and social activities around Comstock Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Comstock Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Comstock Resources' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Comstock Resources' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Comstock Resources.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Comstock Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Comstock Resources' short interest history, or implied volatility extrapolated from Comstock Resources options trading.

Pair Trading with Comstock Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Comstock Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Comstock Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Comstock Stock

0.95	AR	Antero Resources Corp	Pair Corr
0.82	PR	Permian Resources Financial Report 13th of May 2024	Pair Corr
0.85	SD	SandRidge Energy	Pair Corr
0.84	SM	SM Energy	Pair Corr

Moving against Comstock Stock

0.62

Empire Petroleum Corp

Pair Corr

The ability to find closely correlated positions to Comstock Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comstock Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Comstock Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Comstock Resources to buy it.

The correlation of Comstock Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comstock Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comstock Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Comstock Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Comstock Resources is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Comstock Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Comstock Resources Stock. Highlighted below are key reports to facilitate an investment decision about Comstock Resources Stock:

How To Invest In Comstock

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Is Comstock Stock a good investment?

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What is Comstock Resources' Net Worth?

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Largest Oil & Gas E&P Companies

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Check out Comstock Resources Piotroski F Score and Comstock Resources Altman Z Score analysis.

For more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.

You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Comstock Stock analysis

When running Comstock Resources' price analysis, check to measure Comstock Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Comstock Resources is operating at the current time. Most of Comstock Resources' value examination focuses on studying past and present price action to predict the probability of Comstock Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comstock Resources' price. Additionally, you may evaluate how the addition of Comstock Resources to your portfolios can decrease your overall portfolio volatility.

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Is Comstock Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comstock Resources. If investors know Comstock will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comstock Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.79)

Dividend Share

0.5

Earnings Share

0.76

Revenue Per Share

5.654

Quarterly Revenue Growth

(0.56)

The market value of Comstock Resources is measured differently than its book value, which is the value of Comstock that is recorded on the company's balance sheet. Investors also form their own opinion of Comstock Resources' value that differs from its market value or its book value, called intrinsic value, which is Comstock Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comstock Resources' market value can be influenced by many factors that don't directly affect Comstock Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Comstock Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Comstock Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comstock Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Comstock Resources Stock Return On Asset

Comstock Resources Company Return On Asset Analysis

Return On Asset

Net Income

Total Assets

Current Comstock Resources Return On Asset

Comstock Return On Asset Driver Correlations

Comstock Total Assets

Total Assets

6.79 Billion

Comstock Return On Asset Peer Comparison

Comstock Fundamentals

About Comstock Resources Fundamental Analysis

Comstock Resources Investors Sentiment

Pair Trading with Comstock Resources

Moving together with Comstock Stock

Moving against Comstock Stock

Complementary Tools for Comstock Stock analysis

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