Nabors Industries Ltd (NBR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -176,084 | -11,784 | -350,261 | -569,272 | -805,641 |
| Total assets | US$ in thousands | 4,504,300 | 5,277,960 | 4,729,850 | 5,525,360 | 5,503,430 |
| ROA | -3.91% | -0.22% | -7.41% | -10.30% | -14.64% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-176,084K ÷ $4,504,300K
= -3.91%
The return on assets (ROA) for Nabors Industries Ltd has shown a trend of improvement over the period from December 31, 2020, to December 31, 2024. Starting at -14.64% in 2020, the ROA improved to -10.30% in 2021, further to -7.41% in 2022, and significantly narrowed to -0.22% by the end of 2023. However, the trend experienced a slight downturn as the ROA decreased to -3.91% as of December 31, 2024.
Overall, despite the fluctuations in ROA, the company has managed to enhance its efficiency in generating profits from its assets over the specified period. The improvement in ROA signifies that Nabors Industries Ltd has been able to achieve better profitability in relation to its total assets, indicating potential for more effective utilization of its resources in the future.
Peer comparison
Dec 31, 2024