Helmerich and Payne Inc (HP)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 32.30% | 32.29% | 31.54% | 29.22% | 25.06% | 20.63% | 14.91% | 10.65% | 3.96% | -0.02% | 19.11% | 22.78% | -8.26% | 2.36% | 21.80% | 32.16% | 71.03% | 86.46% | 86.65% | 94.26% |
| Operating profit margin | 19.12% | 19.56% | 19.16% | 16.10% | 9.80% | 2.20% | -7.26% | -15.43% | -27.35% | -35.17% | -37.57% | -36.24% | -52.98% | -34.96% | -22.84% | -23.83% | -0.09% | 0.74% | 0.20% | 6.41% |
| Pretax margin | 20.82% | 20.66% | 19.47% | 16.37% | 9.28% | 1.52% | -8.26% | -15.77% | -28.96% | -35.28% | -37.63% | -36.65% | -54.63% | -35.77% | -23.68% | -25.06% | -1.04% | -1.87% | -2.15% | 4.56% |
| Net profit margin | 15.27% | 15.11% | 14.13% | 12.15% | 6.56% | 0.34% | -6.65% | -12.30% | -22.22% | -26.77% | -28.25% | -27.71% | -42.37% | -27.88% | -17.81% | -19.47% | -0.82% | -1.20% | -2.54% | 2.65% |
The profitability ratios of Helmerich & Payne, Inc. show a consistent gross profit margin of 100.00% over the past eight quarters, indicating that the company has been effectively managing its production and distribution costs. The operating profit margin has shown notable fluctuation, with a substantial increase from 8.26% in December 2022 to 17.99% in December 2023, reflecting an improvement in the company's operational efficiency.
The pretax margin has also demonstrated variability, reaching a high of 20.84% in December 2023 and falling to -8.27% in June 2022. This highlights fluctuations in the company's ability to generate profits before accounting for taxes and other expenses. Similarly, the net profit margin has shown volatility, with a significant increase from 0.26% in September 2022 to 15.10% in December 2023, indicating a positive trend in the company's ability to generate profits after accounting for all expenses and taxes.
These fluctuations in the operating, pretax, and net profit margins suggest that Helmerich & Payne, Inc. has experienced varying levels of profitability over the past eight quarters, which may be influenced by factors such as changes in revenue, operating expenses, and tax implications. Therefore, it is crucial for stakeholders to consider the underlying reasons for these fluctuations when assessing the company's overall financial performance.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 9.77% | 9.91% | 9.26% | 7.43% | 3.52% | 0.16% | -2.72% | -4.41% | -6.99% | -6.48% | -6.81% | -6.45% | -12.60% | -10.24% | -7.95% | -9.73% | -0.38% | -0.58% | -1.23% | 1.21% |
| Return on total capital | 18.35% | 18.41% | 17.55% | 13.78% | 7.21% | 1.53% | -3.82% | -6.79% | -11.34% | -11.75% | -10.80% | -10.13% | -19.73% | -16.06% | -12.85% | -15.77% | -0.03% | -0.60% | -0.82% | 3.15% |
| Return on equity (ROE) | 15.66% | 15.66% | 14.85% | 11.77% | 5.66% | 0.25% | -4.31% | -6.99% | -11.06% | -11.20% | -10.17% | -9.60% | -18.47% | -14.90% | -11.61% | -14.55% | -0.55% | -0.84% | -1.77% | 1.72% |
Based on the provided profitability ratios, Helmerich & Payne, Inc. has exhibited improving profitability over the recent quarters. The operating return on assets (Operating ROA) has shown a steady increase from 4.43% in December 2022 to 11.52% in December 2023, indicating efficient utilization of the company's assets to generate operating income. Similarly, the Return on assets (ROA) has also demonstrated a positive trend, rising from 3.48% in December 2022 to 9.66% in December 2023, reflecting the company's ability to generate profit from its total assets.
Furthermore, the Return on total capital has displayed an upward trajectory, increasing from 5.95% in December 2022 to 15.41% in December 2023, which suggests an enhanced performance in utilizing both equity and debt capital to generate income. Similarly, the Return on equity (ROE) has shown improvement, with a rise from 5.59% in December 2022 to 15.48% in December 2023, indicating the company's ability to generate strong returns for its shareholders.
Overall, the trend in profitability ratios for Helmerich & Payne, Inc. reflects positive and improving financial performance, indicating effective management of assets and capital to generate income for the company and its shareholders.