Halliburton Company (HAL)

Return on assets (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
Net income (ttm)	US$ in thousands	2,501,000	2,547,000	2,692,000	2,593,000	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
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
ROA		9.77%	10.05%	10.70%	10.52%	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%

December 31, 2024 calculation

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

Halliburton Company's Return on Assets (ROA) is a key financial ratio that measures the company's ability to generate profit from its assets. The ROA trend for Halliburton Company shows a volatile performance over the specified period. Starting from negative values in 2020, the ROA gradually improved and turned positive in the subsequent quarters.

In the later years, from 2022 to 2024, Halliburton's ROA demonstrated a notable uptrend, indicating increasing efficiency in utilizing its assets to generate profits. The ROA peaked at 10.77% in September 2023 before stabilizing around the 10% mark in the subsequent quarters.

A higher ROA indicates that Halliburton is using its assets effectively to generate profits, which is a positive signal for investors and stakeholders. However, it is essential to consider other financial metrics and factors impacting the company's performance to gain a comprehensive understanding of its financial health and operational efficiency.