Nabors Industries Ltd (NBR)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -176,084 | -139,116 | -132,207 | -95,341 | -11,784 | -64,146 | -29,013 | -116,541 | -350,261 | -394,873 | -503,590 | -616,682 | -569,272 | -563,832 | -598,797 | -550,900 | -805,641 | -960,088 | -921,551 | -977,003 |
| Total assets | US$ in thousands | 4,504,300 | 4,553,640 | 4,615,690 | 4,644,970 | 5,277,960 | 4,726,850 | 4,463,270 | 5,277,960 | 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 |
| ROA | -3.91% | -3.06% | -2.86% | -2.05% | -0.22% | -1.36% | -0.65% | -2.21% | -7.41% | -8.28% | -10.49% | -12.70% | -10.30% | -10.90% | -11.88% | -10.48% | -14.64% | -16.50% | -15.40% | -15.49% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-176,084K ÷ $4,504,300K
= -3.91%
Nabors Industries Ltd's return on assets (ROA) has shown a declining trend over the years, starting at -15.49% as of March 31, 2020, and reaching -3.91% as of December 31, 2024. The negative values indicate that the company is not efficiently utilizing its assets to generate profits.
There was some fluctuation in the ROA during this period, with the lowest point being -16.50% as of September 30, 2020, and the highest being -0.22% as of December 31, 2023. However, overall, the ROA remained mostly in the negative territory, suggesting potential inefficiencies in asset management or profitability challenges for Nabors Industries Ltd.
Investors and stakeholders may want to further investigate the reasons behind this downward trend in ROA to assess the company's operational performance and financial health. Measures to improve asset utilization and profitability could be considered to enhance the company's overall financial performance.
Peer comparison
Dec 31, 2024