Baker Hughes Co (BKR)

Return on assets (ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 2,979,000 1,943,000 -601,000 -219,000 -9,940,000
Total assets US$ in thousands 38,363,000 36,945,000 34,181,000 35,308,000 38,007,000
ROA 7.77% 5.26% -1.76% -0.62% -26.15%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $2,979,000K ÷ $38,363,000K
= 7.77%

The Return on Assets (ROA) of Baker Hughes Co has shown a significant improvement over the years based on the provided data. The ROA was deeply negative at -26.15% as of December 31, 2020, but has progressively increased to -0.62% as of December 31, 2021, and further improved to -1.76% by December 31, 2022. The positive trend became more pronounced as the ROA turned positive at 5.26% as of December 31, 2023, and notably increased to 7.77% by December 31, 2024. This positive trajectory indicates an enhancement in the company's ability to generate profits relative to its assets, suggesting improved operational efficiency and potentially better utilization of assets over the years.