Nabors Industries Ltd (NBR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -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 | -702,885 | -623,619 | -619,268 | -614,456 |
| 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 |
| ROA | -0.22% | -1.36% | -0.65% | -2.48% | -7.41% | -8.28% | -10.49% | -12.70% | -10.30% | -10.90% | -11.88% | -10.48% | -14.64% | -16.50% | -15.40% | -15.49% | -10.40% | -8.57% | -8.24% | -7.90% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-11,784K ÷ $5,277,960K
= -0.22%
The return on assets (ROA) for Nabors Industries Ltd has shown a consistent negative trend over the past eight quarters. In Q4 2023, the ROA was -0.95%, followed by -1.91% in Q3 2023, -1.05% in Q2 2023, and -2.70% in Q1 2023. This indicates that the company's ability to generate profits from its assets has been decreasing.
Comparing to the previous year, the ROA has improved slightly from -7.62% in Q4 2022 to -12.50% in Q1 2022. However, the overall trend remains negative, reflecting challenges in effectively utilizing its assets to generate returns for shareholders.
The consistently negative ROA suggests that Nabors Industries Ltd may be facing issues in efficiently managing and utilizing its assets to generate profits. Further analysis of the company's financial performance and operating efficiency may be necessary to identify the underlying causes of the declining ROA and to implement strategic initiatives to improve profitability.
Peer comparison
Dec 31, 2023