Nabors Industries Ltd (NBR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 134,996 | 191,363 | 250,371 | 286,338 | 326,614 | 348,234 | 402,650 | 402,711 | 368,956 | 439,241 | 453,200 | 543,616 | 590,656 | 709,021 | 818,919 | 1,013,750 | 1,151,380 | 1,255,650 | 1,413,150 | 1,555,920 |
| ROE | -130.44% | -72.70% | -52.80% | -33.30% | -3.61% | -18.42% | -7.21% | -28.94% | -94.93% | -89.90% | -111.12% | -113.44% | -96.38% | -79.52% | -73.12% | -54.34% | -69.97% | -76.46% | -65.21% | -62.79% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-176,084K ÷ $134,996K
= -130.44%
Nabors Industries Ltd has experienced fluctuations in its return on equity (ROE) over the past few years, as evidenced by the provided data. The ROE figures have been mostly negative, indicating that the company's profitability relative to its shareholders' equity has been weak.
From March 31, 2020, to June 30, 2022, the ROE figures show a consistent negative trend, with values ranging from -62.79% to -111.12%. This suggests that during this period, the company struggled to generate sufficient profits in relation to its equity base.
However, there is a noticeable improvement in the ROE performance starting from March 31, 2023, where the ratio turns positive at -28.94% and gradually improves to -3.61% by December 31, 2023. This indicates a turnaround in profitability, with the company becoming more effective at leveraging its equity to generate returns.
The positive trend continues into 2024, with the ROE improving further. By December 31, 2024, the ROE reaches -130.44%, which, although still negative, shows a substantial improvement compared to the previous years.
Overall, the analysis of Nabors Industries Ltd's ROE reveals a history of weak profitability relative to shareholders' equity, with recent signs of improvement indicating a positive trajectory in the company's financial performance. However, it is essential for investors and stakeholders to monitor this metric closely to assess the sustainability of this improvement over time.
Peer comparison
Dec 31, 2024