Helmerich and Payne Inc (HP)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 451,899 | 439,072 | 476,501 | 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 |
| Total assets | US$ in thousands | 5,781,900 | 4,484,980 | 4,424,850 | 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 |
| Operating ROA | 7.82% | 9.79% | 10.77% | 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% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $451,899K ÷ $5,781,900K
= 7.82%
Helmerich and Payne Inc's operating return on assets (operating ROA) has exhibited varying trends over the past few quarters. The operating ROA increased from negative figures in the second half of 2021 to positive figures in 2022 and 2023, peaking at 12.82% in September 2023. However, there was a downward trend from September 2023 to March 2024, with a notable decrease in operating ROA.
From March 2024 to September 2024, there was a slight recovery in the operating ROA, reaching 7.82% in September 2024. It is important to note that the operating ROA fluctuated significantly during this period, indicating potential volatility in the company's operating efficiency and profitability.
Further analysis of the factors contributing to these fluctuations, such as changes in operating income and total assets, would be necessary to understand the underlying reasons for the shifts in operating ROA. Monitoring these trends over time can help stakeholders assess the company's operational performance and its ability to generate profits from its assets.
Peer comparison
Sep 30, 2024