Halliburton Company (HAL)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	9,391,000	9,150,000	8,693,000	8,415,000	7,948,000	7,621,000	7,130,000	7,017,000	6,713,000	5,681,000	5,420,000	5,170,000	4,974,000	5,200,000	5,189,000	6,830,000	8,012,000	9,745,000	9,508,000	9,605,000
ROE		28.09%	28.78%	28.31%	23.29%	19.78%	22.83%	20.08%	22.09%	21.70%	7.01%	2.68%	-34.00%	-59.21%	-83.90%	-78.07%	-33.67%	-14.12%	12.17%	13.95%	18.34%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,638,000K ÷ $9,391,000K
= 28.09%

The return on equity (ROE) of Halliburton Co. has exhibited a positive trend over the past eight quarters, with values ranging from 19.78% to 28.78%. The ROE peaked in Q3 2023 at 28.78% and remained relatively stable in the subsequent quarter at 28.09%. This indicates that the company is generating a healthy return on the shareholders' equity invested in the business.

The consistency of ROE above 20% since Q2 2022 suggests that Halliburton Co. has been effectively using its equity capital to generate profits. A higher ROE indicates better profitability and efficiency in utilizing shareholder funds to generate earnings. Overall, Halliburton Co. has demonstrated strong performance in terms of return on equity, reflecting positively on its financial management and operational efficiency.