Dril-Quip Inc (DRQ)
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 | 5,280 | 273 | 18,775 | 11,300 | 2,521 | -68,685 | -88,052 | -98,847 | -124,838 | -64,810 | -59,978 | -52,819 | -63,559 | -45,867 | -43,541 | -33,916 | 2,803 | -101,890 | -116,196 | -122,064 |
| Total assets | US$ in thousands | 1,028,180 | 1,007,570 | 979,666 | 975,396 | 969,951 | 968,603 | 973,566 | 978,110 | 1,009,930 | 1,093,740 | 1,124,710 | 1,126,830 | 1,151,170 | 1,159,540 | 1,147,690 | 1,136,110 | 1,206,560 | 1,205,640 | 1,201,900 | 1,183,730 |
| Operating ROA | 0.51% | 0.03% | 1.92% | 1.16% | 0.26% | -7.09% | -9.04% | -10.11% | -12.36% | -5.93% | -5.33% | -4.69% | -5.52% | -3.96% | -3.79% | -2.99% | 0.23% | -8.45% | -9.67% | -10.31% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $5,280K ÷ $1,028,180K
= 0.51%
Dril-Quip, Inc.'s operating return on assets (operating ROA) has been fluctuating over the past eight quarters. The company experienced a positive operating ROA of 0.14% in Q4 2023, after recording negative values in the preceding three quarters. This positive trend is a welcome improvement from the consistently negative operating ROA figures in the earlier periods, with the lowest point reached in Q1 2022 at -4.84%.
The recent increase in operating ROA may indicate that Dril-Quip, Inc. is becoming more efficient in generating profits from its assets. However, it is essential to monitor future quarters to confirm if this improvement is sustainable and to assess the company's overall operational performance over time.
Peer comparison
Dec 31, 2023