Nabors Industries Ltd (NBR)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 5,277,960 | 4,726,850 | 4,463,270 | 4,699,980 | 4,729,850 | 4,768,560 | 4,800,980 | 4,857,170 | 5,525,360 | 5,174,830 | 5,042,320 | 5,254,910 | 5,503,430 | 5,817,310 | 5,982,420 | 6,308,550 | 6,760,660 | 7,273,500 | 7,514,500 | 7,773,680 |
| Operating ROA | 8.22% | 9.07% | 8.94% | 6.67% | 4.11% | 1.88% | 0.30% | -0.93% | -1.46% | -2.82% | -3.88% | -3.77% | -3.12% | -1.50% | 0.04% | 0.85% | 1.32% | 1.23% | 1.29% | 1.10% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $433,707K ÷ $5,277,960K
= 8.22%
Nabors Industries Ltd's operating return on assets (ROA) has shown a positive trend over the recent quarters. In Q4 2023, the operating ROA reached 5.11%, indicating a strong performance in generating operating profits relative to its assets. This was a slight decrease from the previous quarter's 5.55% but still above the levels seen earlier in the year.
Comparing Q4 2023 to the same period in the previous year, the operating ROA has significantly improved from 0.94% in Q4 2022. This suggests that Nabors Industries Ltd has been more efficient in utilizing its assets to generate operating income.
Looking at the broader trend, the company has shown a consistent improvement in operating ROA from negative figures in Q1 and Q2 2022 to positive figures in the recent quarters. This indicates that management has made effective efforts to enhance operational efficiency and profitability.
Overall, the increasing trend in Nabors Industries Ltd's operating ROA suggests that the company's operational performance and asset management have been improving, signaling a positive outlook for the company's profitability in the near term.
Peer comparison
Dec 31, 2023