Helmerich and Payne Inc (HP)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 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 | 4,012,220 | 4,095,050 | 4,318,620 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $432,128K ÷ $2,759,650K
= 15.66%
To analyze Helmerich & Payne, Inc.'s return on equity (ROE), we can observe the trend of ROE over the last eight quarters.
The ROE for Helmerich & Payne, Inc. has shown a consistent improvement from -7.04% in Q1 2022 to 15.48% in Q4 2023. This indicates the company's ability to generate profits from its shareholders' equity has steadily increased over the past two years. The significant improvement in ROE suggests that the company is effectively utilizing its equity to generate earnings growth.
The positive trend in ROE from negative values to double-digit percentages reflects the company's efforts in efficient capital allocation and operational performance. Shareholders may view this as a positive signal of management's effective utilization of the company's capital. It also implies an improvement in the company's profitability and overall financial health.
It's important to note that the consistent improvement in ROE does not only indicate the efficient use of equity but also the potential attractiveness of the company as an investment, as the returns to the shareholders are increasing. However, further analysis of the company's financial statements and operations is recommended to gain a comprehensive understanding of the factors driving this improvement in ROE.
Peer comparison
Dec 31, 2023