Halliburton Company (HAL)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,822,000 | 3,948,000 | 4,114,000 | 4,093,000 | 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 |
| Total assets | US$ in thousands | 25,587,000 | 25,331,000 | 25,152,000 | 24,654,000 | 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 |
| Operating ROA | 14.94% | 15.59% | 16.36% | 16.60% | 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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,822,000K ÷ $25,587,000K
= 14.94%
Halliburton Company's operating return on assets (ROA) has shown a noticeable improvement over the past few years. The trend indicates a significant recovery starting from negative values in 2020 to positive double-digit percentages by the end of 2024. This suggests that the company has been able to generate increasing operating income from its assets, which is a positive sign for its operational efficiency and productivity.
The operating ROA went from negative values in mid-2020 to reach positive territory in mid-2021 and continued to improve steadily thereafter. This improvement reflects the company's ability to effectively utilize its assets to generate operating profits. The gradual increase in operating ROA demonstrates management's efforts in enhancing operational performance and efficiency over the years.
Overall, the positive trend in operating ROA for Halliburton Company points towards a strengthening financial position, indicating that the company has successfully turned around its operational performance and is generating higher returns from its assets. This improvement is promising for the company's future growth and profitability prospects.
Peer comparison
Dec 31, 2024