NOV Inc. (NOV)

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	993,000	499,000	417,000	331,000	155,000	11,000	-90,000	-185,000	-250,000	-557,000	-543,000	-610,000	-2,542,000	-2,580,000	-2,769,000	-8,065,000	-6,095,000	-5,698,000	-5,453,000	-40,000
Total stockholders’ equity	US$ in thousands	6,168,000	5,521,000	5,434,000	5,243,000	5,096,000	4,868,000	4,909,000	4,946,000	4,997,000	5,010,000	5,108,000	5,081,000	5,210,000	5,465,000	5,460,000	5,486,000	7,778,000	8,057,000	8,411,000	13,765,000
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%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $993,000K ÷ $6,168,000K
= 16.10%

Based on the data provided, NOV Inc's return on equity (ROE) has shown a positive trend over the past few quarters. The ROE increased from 3.04% in Q4 2022 to 16.10% in Q4 2023, indicating an improving profitability and efficiency in generating returns for shareholders.

The consistency in the upward trend of ROE signifies that NOV Inc has been successful in effectively utilizing its shareholders' equity to generate profits. This improvement may be attributed to factors such as better cost management, increased revenue generation, or operational efficiencies.

Overall, the positive trajectory of NOV Inc's ROE over the analyzed period indicates a favorable financial performance and potentially reflects well on the company's management of its resources and investments to create value for its shareholders.