Baker Hughes Co (BKR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,944,000 | 1,686,000 | 1,151,000 | -98,000 | -602,000 | -491,000 | -466,000 | 305,000 | -219,000 | 140,000 | -38,000 | -165,000 | -9,940,000 | -10,544,000 | -10,317,000 | -10,131,000 | 128,000 | 211,000 | 167,000 | 157,000 |
| 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 |
| ROA | 5.26% | 4.61% | 3.19% | -0.28% | -1.76% | -1.48% | -1.38% | 0.87% | -0.62% | 0.39% | -0.10% | -0.45% | -26.15% | -28.24% | -27.50% | -27.21% | 0.24% | 0.40% | 0.32% | 0.30% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,944,000K ÷ $36,945,000K
= 5.26%
Based on the data provided for Baker Hughes Co, the return on assets (ROA) has been showing a positive trend in recent quarters, with the ROA increasing from -1.76% in Q4 2022 to 5.26% in Q4 2023. This indicates a significant improvement in the company's ability to generate profit relative to its total assets.
The ROA reached its lowest point in Q1 2023 at -0.28%, but has since rebounded steadily. The company's ability to efficiently utilize its assets to generate profits has been strengthening over the past few quarters.
Overall, the positive trend in ROA for Baker Hughes Co suggests improving operational efficiency and effectiveness in generating profits from its asset base. This improvement in ROA reflects positively on the company's financial performance and management of its asset utilization.
Peer comparison
Dec 31, 2023