Halliburton Company (HAL)

Return on assets (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
Net income (ttm)	US$ in thousands	2,638,000	2,633,000	2,461,000	1,960,000	1,572,000	1,740,000	1,432,000	1,550,000	1,457,000	398,000	145,000	-1,758,000	-2,945,000	-4,363,000	-4,051,000	-2,300,000	-1,131,000	1,186,000	1,326,000	1,762,000
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
ROA		10.69%	10.77%	10.22%	8.30%	6.76%	7.71%	6.38%	7.02%	6.53%	1.89%	0.69%	-8.54%	-14.24%	-20.90%	-19.20%	-9.74%	-4.46%	4.43%	4.93%	6.53%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,638,000K ÷ $24,683,000K
= 10.69%

Halliburton Co.'s return on assets (ROA) has shown a generally positive trend over the past eight quarters. It increased from 6.38% in Q2 2022 to a peak of 10.77% in Q3 2023, indicating an improvement in the company's ability to generate profits relative to its total assets.

Although there was a slight dip in Q1 2023 to 8.30%, overall, the ROA has been trending upwards. This suggests that Halliburton Co. has been effectively utilizing its assets to generate profits. The company's ROA performance in the recent quarters indicates a strong financial health and operational efficiency.

The consistent improvement in ROA indicates that Halliburton Co. is effectively managing its assets to generate higher returns, which is a positive signal for investors and stakeholders. The company's ability to maintain a high ROA over the past few quarters reflects positively on its operational efficiency and profitability.