Halliburton Company (HAL)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,822,000 | 4,083,000 | 2,707,000 | 1,800,000 | -2,436,000 |
| Total assets | US$ in thousands | 25,587,000 | 24,683,000 | 23,255,000 | 22,321,000 | 20,680,000 |
| Operating ROA | 14.94% | 16.54% | 11.64% | 8.06% | -11.78% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $3,822,000K ÷ $25,587,000K
= 14.94%
Halliburton Company's operating return on assets (ROA) has shown fluctuations over the years, indicating changes in the company's operational efficiency.
- In December 31, 2020, the operating ROA was -11.78%, indicating that the company's operating income was negative relative to its assets.
- By December 31, 2021, the operating ROA had improved significantly to 8.06%, suggesting a turnaround in the company's operational performance.
- The trend continued to be positive in December 31, 2022, with an operating ROA of 11.64%, indicating further improvement in utilizing its assets to generate operating income.
- By December 31, 2023, the operating ROA reached 16.54%, showing a significant increase in operating efficiency and profitability.
- In December 31, 2024, the operating ROA slightly decreased to 14.94%, but it still remained at a relatively high level compared to previous years.
Overall, the increasing trend in operating ROA from 2020 to 2023 indicates an improvement in Halliburton's ability to generate operating income from its assets. However, the slight decrease in 2024 suggests that the company may need to focus on sustaining this operational efficiency in the future.
Peer comparison
Dec 31, 2024