Helmerich and Payne Inc (HP)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 432,128 | 434,100 | 402,017 | 324,476 | 155,460 | 6,953 | -117,747 | -191,054 | -307,081 | -326,150 | -305,952 | -295,996 | -595,533 | -494,497 | -394,357 | -503,441 | -22,010 | -33,656 | -72,380 | 74,295 |
| 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 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $432,128K ÷ $4,421,330K
= 9.77%
To analyze Helmerich & Payne, Inc.'s return on assets (ROA) based on the provided data, we can see a fluctuating trend. The ROA has notably improved over the last eight quarters, reaching 9.66% at the end of December 2023, compared to -4.44% at the end of March 2022.
The steady improvement in ROA indicates that the company has been utilizing its assets more efficiently to generate profits. This could be attributed to various factors such as cost-saving measures, improved operational efficiency, or strategic investments.
The significant increase in ROA over the past year suggests that the company has been able to generate more earnings from its assets compared to previous periods. Investors and stakeholders may view this positively as it reflects an enhanced ability to generate profits relative to the company's asset base. However, it's essential to further investigate the underlying factors contributing to this improvement to assess the sustainability of this trend.
Peer comparison
Dec 31, 2023