Helmerich and Payne Inc (HP)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,917,150 | 2,856,840 | 2,803,070 | 2,759,650 | 2,771,940 | 2,708,080 | 2,755,810 | 2,745,140 | 2,765,470 | 2,732,670 | 2,734,410 | 2,776,590 | 2,912,620 | 3,007,910 | 3,083,700 | 3,224,920 | 3,318,510 | 3,396,060 | 3,461,010 | 3,975,540 |
| ROE | 11.80% | 12.12% | 12.59% | 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% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $344,165K ÷ $2,917,150K
= 11.80%
The return on equity (ROE) for Helmerich and Payne Inc has varied over the past few quarters. In the latest quarter, ending September 30, 2024, the ROE stood at 11.80%, indicating that the company generated a profit of 11.80% on shareholder equity during that period.
Looking at the trend, the ROE has generally been improving since the beginning of 2022, with a significant spike in the ROE in the fourth quarter of 2023. This could suggest improved profitability and more efficient use of shareholder equity.
However, it is important to note that there were some negative ROE figures in the past, particularly in the first half of 2022 and at the end of 2021. These periods might indicate financial challenges or inefficiencies within the company.
Overall, the recent positive trend in ROE is a positive sign for Helmerich and Payne Inc, but investors should continue to monitor the company's financial performance to ensure sustained profitability and efficient use of capital.
Peer comparison
Sep 30, 2024