Helmerich and Payne Inc (HP)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 541,134 | 561,889 | 544,968 | 429,948 | 232,126 | 45,292 | -128,542 | -239,631 | -377,937 | -428,549 | -406,943 | -387,160 | -744,778 | -620,187 | -505,736 | -616,026 | -2,339 | 20,582 | 5,774 | 179,954 |
| Total assets | US$ in thousands | 4,421,330 | 4,381,960 | 4,340,820 | 4,365,730 | 4,411,850 | 4,355,530 | 4,322,610 | 4,334,350 | 4,392,250 | 5,034,130 | 4,495,280 | 4,588,100 | 4,726,750 | 4,829,620 | 4,962,330 | 5,176,750 | 5,841,510 | 5,839,520 | 5,897,380 | 6,144,560 |
| Operating ROA | 12.24% | 12.82% | 12.55% | 9.85% | 5.26% | 1.04% | -2.97% | -5.53% | -8.60% | -8.51% | -9.05% | -8.44% | -15.76% | -12.84% | -10.19% | -11.90% | -0.04% | 0.35% | 0.10% | 2.93% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $541,134K ÷ $4,421,330K
= 12.24%
To analyze Helmerich & Payne, Inc.'s operating return on assets (operating ROA) over the past eight quarters, we can observe a fluctuating trend. The operating ROA increased from -5.36% in March 2022 to 12.18% in September 2023. This suggests an improvement in the company's ability to generate operating income relative to its total assets. However, the significant variability in the operating ROA over the period indicates a degree of instability in the company's operational efficiency. It is important to further investigate the factors contributing to these fluctuations to assess the sustainability of the company's operating performance.
Peer comparison
Dec 31, 2023