Liberty Oilfield Services Inc (LBRT)
Return on assets (ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 316,010 | 356,500 | 431,304 | 475,554 | 556,317 | 616,803 | 615,148 | 567,633 | 399,602 | 191,144 | 5,301 | -150,415 | -179,244 | -160,685 | -156,297 | -151,508 | -115,583 | -90,701 | -45,201 | 22,602 |
| Total assets | US$ in thousands | 3,296,390 | 3,272,880 | 3,241,360 | 3,097,620 | 3,033,560 | 3,089,120 | 2,924,500 | 2,760,620 | 2,575,930 | 2,525,160 | 2,335,130 | 2,190,880 | 2,040,660 | 1,966,090 | 1,975,130 | 1,916,780 | 1,889,940 | 1,058,750 | 1,051,120 | 1,298,550 |
| ROA | 9.59% | 10.89% | 13.31% | 15.35% | 18.34% | 19.97% | 21.03% | 20.56% | 15.51% | 7.57% | 0.23% | -6.87% | -8.78% | -8.17% | -7.91% | -7.90% | -6.12% | -8.57% | -4.30% | 1.74% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $316,010K ÷ $3,296,390K
= 9.59%
The return on assets (ROA) of Liberty Oilfield Services Inc has fluctuated over the past few years. ROA was negative throughout most of 2020 and early 2021, indicating that the company was not effectively generating profit relative to its asset base during that period.
However, there was a notable turnaround in ROA starting from the second quarter of 2022, where the percentage turned positive and began to increase steadily. The improvement in ROA continued through 2023 and into 2024, reaching a peak of 21.03% in June 30, 2023.
This positive trend suggests that Liberty Oilfield Services Inc has been more efficient in utilizing its assets to generate profit in recent years. The company's focus on improving operational efficiency, cost management, or revenue generation could be contributing factors to this improved performance. It indicates a positive outlook and a healthier financial position for the company compared to the previous years. It would be important to monitor future ROA trends to assess the sustainability of this improvement.
Peer comparison
Dec 31, 2024