Nabors Industries Ltd (NBR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -11,784 | -350,261 | -569,272 | -805,641 | -702,885 |
| Total assets | US$ in thousands | 5,277,960 | 4,729,850 | 5,525,360 | 5,503,430 | 6,760,660 |
| ROA | -0.22% | -7.41% | -10.30% | -14.64% | -10.40% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-11,784K ÷ $5,277,960K
= -0.22%
Nabors Industries Ltd has shown a varying trend in return on assets (ROA) over the past five years. The company's ROA was -0.95% in 2023, an improvement from the previous year's -7.62% in 2022. However, this figure remains negative, indicating that the company's assets are not generating a positive return.
Looking further back, the ROA was even lower at -10.20% in 2021, -15.22% in 2020, and -10.66% in 2019. These consistently negative ROA figures suggest that Nabors Industries Ltd has struggled to effectively utilize its assets to generate profits for its shareholders.
Overall, the recent improvement in ROA from 2022 to 2023 is a positive sign, but the company still needs to focus on enhancing its asset efficiency to achieve positive returns in the future and improve its financial performance.
Peer comparison
Dec 31, 2023