Liberty Oilfield Services Inc (LBRT)

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	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	39,003	70,137	93,232	120,795
Total stockholders’ equity	US$ in thousands	1,841,410	1,788,560	1,673,940	1,590,120	1,495,020	1,404,740	1,327,570	1,231,260	1,213,240	1,179,700	1,216,810	1,204,550	1,150,640	507,602	531,831	555,371	554,827	529,076	471,547	449,967
ROE		30.21%	34.49%	36.75%	35.70%	26.73%	13.61%	0.40%	-12.22%	-14.77%	-13.62%	-12.84%	-12.58%	-10.05%	-17.87%	-8.50%	4.07%	7.03%	13.26%	19.77%	26.85%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $556,317K ÷ $1,841,410K
= 30.21%

The return on equity (ROE) of Liberty Energy Inc has shown a consistently improving trend from Q1 2022 to Q4 2023. The ROE increased from -12.22% in Q1 2022 to 30.21% in Q4 2023, indicating a significant turnaround in the company's profitability and efficiency in generating returns for its shareholders.

The positive ROE figures in the recent quarters suggest that Liberty Energy Inc is effectively utilizing its equity to generate profits. The successive increase in ROE indicates that the company's profitability and efficiency have been improving over the quarters.

Overall, the upward trend in ROE reflects positively on Liberty Energy Inc's financial performance and management's ability to create value for shareholders. It indicates that the company is becoming more profitable and efficient in utilizing its equity to generate returns.