NOV Inc. (NOV)

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	635,000	1,073,000	1,057,000	986,000	993,000	499,000	417,000	331,000	156,000	12,000	-89,000	-184,000	-250,000	-557,000	-543,000	-610,000	-2,542,000	-2,580,000	-2,769,000	-8,065,000
Total assets	US$ in thousands	11,361,000	11,422,000	11,297,000	11,305,000	11,294,000	10,498,000	10,446,000	10,177,000	10,135,000	9,761,000	9,700,000	9,553,000	9,550,000	9,567,000	9,601,000	9,672,000	9,929,000	10,168,000	10,447,000	10,690,000
ROA		5.59%	9.39%	9.36%	8.72%	8.79%	4.75%	3.99%	3.25%	1.54%	0.12%	-0.92%	-1.93%	-2.62%	-5.82%	-5.66%	-6.31%	-25.60%	-25.37%	-26.51%	-75.44%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $635,000K ÷ $11,361,000K
= 5.59%

NOV Inc.'s return on assets (ROA) has shown a significant improvement over the period from March 31, 2020, to December 31, 2024. The ROA started at a very low level of -75.44% on March 31, 2020, indicating that the company's assets were not effectively utilized to generate profits. However, there was a steady improvement in the ROA over time, with consistent reductions in the negative percentage values.

By the end of December 31, 2024, NOV Inc.'s ROA had improved to 5.59%, which indicates that the company was able to generate positive returns from its assets. The positive trend in ROA indicates that NOV Inc. made better use of its assets to generate profits and improve overall financial performance.

Overall, the increasing trend in ROA suggests that NOV Inc. was able to enhance operational efficiency, manage assets effectively, and generate higher returns for its shareholders over the period under review.