Nabors Industries Ltd (NBR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 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 | 1,982,810 | 2,251,700 | 2,381,510 | 2,586,340 |
| ROE | -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% | -35.45% | -27.70% | -26.00% | -23.76% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-11,784K ÷ $326,614K
= -3.61%
Nabors Industries Ltd's return on equity (ROE) has shown significant fluctuations over the past eight quarters. The ROE has ranged from a low of -111.70% in Q1 2022 to a high of -11.62% in Q2 2023.
The negative ROE figures signal that the company has been generating losses for its shareholders during these periods. The downward trend in ROE from Q4 2022 to Q3 2023 indicates a deteriorating financial performance, with the company's profitability declining.
It is crucial for investors and stakeholders to closely monitor Nabors Industries Ltd's financial health and operational efficiency, given the consistent negative ROE figures. The company may need to implement strategic changes to improve its profitability and ultimately enhance shareholder value.
Peer comparison
Dec 31, 2023