Helmerich and Payne Inc (HP)
Return on equity (ROE)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 434,100 | 6,953 | -326,150 | -494,497 | -33,656 |
| Total stockholders’ equity | US$ in thousands | 2,771,940 | 2,765,470 | 2,912,620 | 3,318,510 | 4,012,220 |
| ROE | 15.66% | 0.25% | -11.20% | -14.90% | -0.84% |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $434,100K ÷ $2,771,940K
= 15.66%
The return on equity (ROE) for Helmerich & Payne, Inc. has significantly improved in the most recent year, standing at 15.45% for the period ending September 30, 2023, compared to 0.20% in the previous year. This significant improvement suggests that the company's ability to generate profit from its shareholders' equity has experienced a positive upturn.
Looking back over the past five years, it's evident that the company's ROE has been volatile, with negative figures in 2020 and 2021. However, the latest ROE of 15.45% represents a notable recovery and demonstrates that the company's profitability in relation to shareholders' equity has strengthened.
It would be important to delve deeper into the company's financial statements to understand the factors driving this improvement in ROE, such as changes in net income, total equity, or financial leverage. Nonetheless, the recent surge in ROE signals a positive performance for the company and indicates that it has been effectively utilizing shareholder funds to generate returns.
Peer comparison
Sep 30, 2023