Liberty Oilfield Services Inc (LBRT)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 316,010 | 556,317 | 399,602 | -179,244 | -115,583 |
| Total assets | US$ in thousands | 3,296,390 | 3,033,560 | 2,575,930 | 2,040,660 | 1,889,940 |
| ROA | 9.59% | 18.34% | 15.51% | -8.78% | -6.12% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $316,010K ÷ $3,296,390K
= 9.59%
Based on the data provided for Liberty Oilfield Services Inc, the return on assets (ROA) has exhibited significant fluctuations over the years. In December 31, 2020, the ROA was -6.12%, indicating that the company was generating a negative return on its assets. This negative performance worsened by the end of December 31, 2021, with a ROA of -8.78%.
However, the company's financial performance improved notably by December 31, 2022, with a ROA of 15.51%, suggesting a positive turnaround in utilizing its assets more efficiently. This trend continued to strengthen by December 31, 2023, with a ROA of 18.34%, indicating a further enhancement in asset utilization and profitability.
By the end of December 31, 2024, Liberty Oilfield Services Inc's ROA slightly decreased to 9.59%, but still remained at a favorable level compared to the initial negative ROAs in the preceding years. Overall, the company has shown a mix of negative and positive returns on assets over the period under review, with a notable improvement in performance from 2022 onwards.
Peer comparison
Dec 31, 2024