Baker Hughes Co (BKR)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,317,000 | 2,329,000 | 1,884,000 | 1,345,000 | 1,186,000 | 1,097,000 | 1,206,000 | 1,425,000 | 1,310,000 | 918,000 | 491,000 | 245,000 | -15,978,000 | -15,830,000 | -15,484,000 | -15,161,000 | 1,074,000 | 1,126,000 | 1,111,000 | 918,000 |
| Total assets | US$ in thousands | 36,945,000 | 36,550,000 | 36,093,000 | 35,042,000 | 34,181,000 | 33,165,000 | 33,753,000 | 34,994,000 | 35,308,000 | 35,772,000 | 36,669,000 | 36,836,000 | 38,007,000 | 37,339,000 | 37,523,000 | 37,229,000 | 53,369,000 | 52,549,000 | 52,876,000 | 53,129,000 |
| Operating ROA | 6.27% | 6.37% | 5.22% | 3.84% | 3.47% | 3.31% | 3.57% | 4.07% | 3.71% | 2.57% | 1.34% | 0.67% | -42.04% | -42.40% | -41.27% | -40.72% | 2.01% | 2.14% | 2.10% | 1.73% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,317,000K ÷ $36,945,000K
= 6.27%
To analyze Baker Hughes Co's operating return on assets (operating ROA) over the past eight quarters, we observe a generally positive trend in the performance indicator. The operating ROA has steadily increased from 4.74% in Q1 2022 to 7.15% in Q4 2023, indicating an improvement in the company's ability to generate operating income relative to its assets.
The consistent growth in operating ROA reflects Baker Hughes Co's efficient utilization of its assets to generate operating profits. This could signify effective cost management, revenue generation, and operational efficiency within the organization.
The quarterly fluctuations in operating ROA demonstrate some variability in performance but overall show a positive trajectory over time. The company's ability to maintain and improve its operating ROA suggests a strong operational foundation and a potentially sustainable competitive position in the industry.
Overall, the improving trend in Baker Hughes Co's operating ROA indicates a positive outlook for the company's operational performance and financial health.
Peer comparison
Dec 31, 2023