Helmerich and Payne Inc (HP)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 344,165 | 346,311 | 352,919 | 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 |
| 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 |
| ROA | 5.95% | 7.72% | 7.98% | 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $344,165K ÷ $5,781,900K
= 5.95%
The return on assets (ROA) of Helmerich and Payne Inc has shown variability over the past few quarters. From December 2019 to September 2020, the ROA was negative, indicating that the company's assets were not generating sufficient earnings. However, from March 2020 to September 2021, there was a gradual improvement in ROA, although it remained negative during this period.
Starting from December 2021, there was a significant positive trend in the ROA, indicating that the company's assets were generating increased earnings. This positive trend continued until June 2024, with the ROA reaching its peak at 9.91% in September 2023. However, there was a slight decline in ROA in the most recent quarter, September 2024, with a value of 5.95%.
Overall, the recent ROA values ranging from 5.95% to 9.91% suggest that Helmerich and Payne Inc has been effectively utilizing its assets to generate profits. The management should continue to focus on maintaining and potentially improving the ROA to ensure sustainable profitability and efficient asset utilization in the future.
Peer comparison
Sep 30, 2024