Helmerich and Payne Inc (HP)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 451,899 | 561,889 | 45,292 | -428,549 | -620,187 |
| Total assets | US$ in thousands | 5,781,900 | 4,381,960 | 4,355,530 | 5,034,130 | 4,829,620 |
| Operating ROA | 7.82% | 12.82% | 1.04% | -8.51% | -12.84% |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $451,899K ÷ $5,781,900K
= 7.82%
Helmerich and Payne Inc's operating return on assets (operating ROA) over the past five years has shown significant fluctuations.
In Sep 2024, the operating ROA stood at 7.82%, representing a decrease from the prior year's figure of 12.82%. This decline indicates a potential decrease in the company's operating efficiency in generating profits from its assets compared to the previous year.
The Sep 30, 2023, figure of 12.82% reflected an improvement from the prior year's figure of 1.04%. This significant increase suggests that the company was more effective in generating operating income from its assets in the fiscal year 2023.
However, in Sep 30, 2022, the operating ROA fell to 1.04%, indicating a decrease in operating efficiency compared to the prior year. The negative figures in Sep 30, 2021, and Sep 30, 2020, at -8.51% and -12.84% respectively, suggest that in those years the company's operating expenses and/or asset base were not being effectively utilized to generate operating income.
Overall, the fluctuating trend in Helmerich and Payne Inc's operating ROA indicates varying levels of operating efficiency and performance in utilizing its assets to generate operating income over the five-year period.
Peer comparison
Sep 30, 2024