Halliburton Company (HAL)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	2,501,000	2,638,000	1,572,000	1,457,000	-2,945,000
Total assets	US$ in thousands	25,587,000	24,683,000	23,255,000	22,321,000	20,680,000
ROA		9.77%	10.69%	6.76%	6.53%	-14.24%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $2,501,000K ÷ $25,587,000K
= 9.77%

Halliburton Company's return on assets (ROA) has shown fluctuating trends over the past five years. The ROA was negative at -14.24% as of December 31, 2020, indicating that the company was not efficiently utilizing its assets to generate profits. However, there has been a significant improvement in the subsequent years, with the ROA increasing to 6.53% as of December 31, 2021, and further to 6.76% as of December 31, 2022.

The positive growth trend continued as of December 31, 2023, with the ROA reaching 10.69%, indicating that the company was able to generate substantial profits relative to its asset base. In the most recent year, as of December 31, 2024, the ROA slightly decreased to 9.77%, but it still remains at a favorable level compared to the initial years.

Overall, the improving trend in Halliburton Company's ROA signifies that the company has been effectively leveraging its assets to generate profits and enhance its overall financial performance in recent years.