Halliburton Company (HAL)
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 | 4,083,000 | 4,001,000 | 3,810,000 | 3,173,000 | 2,707,000 | 2,281,000 | 1,881,000 | 1,941,000 | 1,800,000 | 1,154,000 | 850,000 | -1,495,000 | -2,436,000 | -3,992,000 | -3,598,000 | -1,384,000 | -448,000 | 1,812,000 | 1,992,000 | 2,478,000 |
| Total assets | US$ in thousands | 24,683,000 | 24,442,000 | 24,073,000 | 23,619,000 | 23,255,000 | 22,563,000 | 22,445,000 | 22,073,000 | 22,321,000 | 21,025,000 | 20,917,000 | 20,575,000 | 20,680,000 | 20,874,000 | 21,104,000 | 23,622,000 | 25,377,000 | 26,789,000 | 26,880,000 | 26,989,000 |
| Operating ROA | 16.54% | 16.37% | 15.83% | 13.43% | 11.64% | 10.11% | 8.38% | 8.79% | 8.06% | 5.49% | 4.06% | -7.27% | -11.78% | -19.12% | -17.05% | -5.86% | -1.77% | 6.76% | 7.41% | 9.18% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,083,000K ÷ $24,683,000K
= 16.54%
Halliburton Co.'s operating return on assets (operating ROA) has shown a consistent upward trend over the past eight quarters. The operating ROA has increased from 8.95% in Q1 2022 to 16.75% in Q4 2023, indicating an improvement in the company's ability to generate operating profit from its assets.
The steady growth in operating ROA reflects Halliburton Co.'s efficiency in utilizing its assets to generate operating income. This could be attributed to effective cost management, higher revenue generation, or improved operational efficiency within the company.
The gradual increase in operating ROA over multiple quarters suggests that Halliburton Co. has been successful in optimizing its asset utilization and improving its operational performance. Investors and stakeholders may view this trend positively as it demonstrates the company's ability to generate higher returns from its assets, potentially leading to enhanced profitability and shareholder value.
Peer comparison
Dec 31, 2023