Nabors Industries Ltd (NBR)
Operating profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 433,707 | 428,630 | 399,230 | 313,292 | 194,414 | 89,750 | 14,277 | -45,087 | -80,787 | -145,838 | -195,676 | -198,265 | -171,461 | -87,225 | 2,402 | 53,335 | 89,145 | 89,716 | 96,748 | 85,372 |
| Revenue (ttm) | US$ in thousands | 2,824,854 | 2,824,158 | 2,835,559 | 2,686,524 | 2,442,417 | 2,896,069 | 2,695,320 | 2,563,727 | 2,469,769 | 1,795,405 | 1,690,978 | 1,723,505 | 1,980,035 | 2,250,900 | 2,571,586 | 2,806,404 | 2,867,832 | 2,935,651 | 3,017,736 | 3,064,840 |
| Operating profit margin | 15.35% | 15.18% | 14.08% | 11.66% | 7.96% | 3.10% | 0.53% | -1.76% | -3.27% | -8.12% | -11.57% | -11.50% | -8.66% | -3.88% | 0.09% | 1.90% | 3.11% | 3.06% | 3.21% | 2.79% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $433,707K ÷ $2,824,854K
= 15.35%
Nabors Industries Ltd's operating profit margin has shown a positive trend over the past eight quarters, with a steady improvement from negative figures in Q1 2022 to a peak of 8.98% in Q4 2023. This indicates an increasing efficiency in managing operating expenses and generating profits from core business operations. The company's ability to consistently increase its operating profit margin demonstrates effective cost control measures and potentially higher revenue generation relative to operating costs. The positive trend in operating profit margin reflects positively on Nabors Industries Ltd's overall financial performance and indicates a strengthening financial position over the analyzed period.
Peer comparison
Dec 31, 2023