NOV Inc. (NOV)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 21.36% | 21.40% | 20.94% | 20.01% | 18.43% | 16.36% | 14.84% | 14.29% | 14.01% | 9.49% | 8.55% | 6.71% | 7.13% | 12.44% | 11.41% | 9.65% | 9.97% | 10.21% | 12.99% | 16.43% |
| Operating profit margin | 7.58% | 7.84% | 6.54% | 5.37% | 3.65% | 1.30% | -0.18% | -1.15% | -2.43% | -7.87% | -8.39% | -10.32% | -39.82% | -35.11% | -32.79% | -97.14% | -74.05% | -67.97% | -65.12% | 1.91% |
| Pretax margin | 7.22% | 7.55% | 6.57% | 5.49% | 3.29% | 0.99% | -0.96% | -2.58% | -4.25% | -10.01% | -10.90% | -12.87% | -45.71% | -41.03% | -37.99% | -101.88% | -76.24% | -69.74% | -67.03% | 0.12% |
| Net profit margin | 11.57% | 6.00% | 5.20% | 4.33% | 2.14% | 0.16% | -1.47% | -3.18% | -4.53% | -10.44% | -10.10% | -11.18% | -41.74% | -36.63% | -35.56% | -95.76% | -71.88% | -66.29% | -63.23% | -0.47% |
NOV Inc's profitability ratios have shown a positive trend over the quarters, indicating improving efficiency in generating profits from its operations.
The gross profit margin has steadily increased from 18.43% in Q4 2022 to 21.36% in Q4 2023, reflecting better control over direct production costs.
Similarly, the operating profit margin has also shown improvement, rising from 3.65% in Q4 2022 to 7.58% in Q4 2023, signaling enhanced operational efficiency and cost management.
The pretax margin has followed this positive trajectory, increasing from 3.29% in Q4 2022 to 7.13% in Q4 2023, indicating better control over operating expenses and interest payments.
The net profit margin has exhibited the most significant improvement, surging from 2.14% in Q4 2022 to 11.57% in Q4 2023, showing effective management of taxes and other miscellaneous expenses, resulting in higher profitability for the company.
Overall, the increasing trend in NOV Inc's profitability ratios suggests enhanced operational efficiency and effective cost management, leading to improved profitability and financial performance.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 5.76% | 6.21% | 5.02% | 4.04% | 2.60% | 0.89% | -0.11% | -0.70% | -1.40% | -4.39% | -4.70% | -5.82% | -24.42% | -24.32% | -24.44% | -76.53% | -47.75% | -41.72% | -39.14% | 0.82% |
| Return on assets (ROA) | 8.79% | 4.75% | 3.99% | 3.25% | 1.53% | 0.11% | -0.93% | -1.94% | -2.62% | -5.82% | -5.66% | -6.31% | -25.60% | -25.37% | -26.51% | -75.44% | -46.35% | -40.69% | -38.00% | -0.20% |
| Return on total capital | 8.98% | 9.87% | 8.52% | 7.18% | 4.64% | 2.16% | 0.26% | -1.11% | -2.36% | -6.81% | -7.46% | -9.19% | -38.33% | -38.41% | -38.24% | -113.29% | -65.16% | -55.95% | -52.18% | 0.64% |
| Return on equity (ROE) | 16.10% | 9.04% | 7.67% | 6.31% | 3.04% | 0.23% | -1.83% | -3.74% | -5.00% | -11.12% | -10.63% | -12.01% | -48.79% | -47.21% | -50.71% | -147.01% | -78.36% | -70.72% | -64.83% | -0.29% |
NOV Inc has shown improvements in its profitability ratios over the recent quarters.
- Operating return on assets (Operating ROA) has been increasing steadily from 2.60% in Q4 2022 to 5.76% in Q4 2023, indicating the company's ability to generate operating income from its assets has been improving.
- Return on assets (ROA) has also seen a positive trend, with a consistent increase from 1.53% in Q4 2022 to 8.79% in Q4 2023, reflecting the company's efficiency in generating profits from its total assets.
- Return on total capital has shown a similar upward trajectory, increasing from 4.70% in Q4 2022 to 9.47% in Q4 2023, indicating the company's ability to generate returns from both debt and equity investments.
- Return on equity (ROE) has demonstrated significant growth, rising from 3.04% in Q4 2022 to 16.10% in Q4 2023, showcasing the company's ability to generate profit for its shareholders relative to their equity investment.
Overall, the improvement in these profitability ratios suggests that NOV Inc has been effectively utilizing its assets and capital to generate higher returns for its stakeholders, which could be indicative of a positive trend in the company's financial performance.