Patterson-UTI Energy Inc (PTEN)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -889,737 | 351,954 | 211,031 | -677,750 | -892,258 |
| Total assets | US$ in thousands | 5,833,470 | 7,420,030 | 3,143,820 | 2,957,850 | 3,299,070 |
| Operating ROA | -15.25% | 4.74% | 6.71% | -22.91% | -27.05% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-889,737K ÷ $5,833,470K
= -15.25%
The operating return on assets (ROA) for Patterson-UTI Energy Inc has shown fluctuations over the past five years.
As of December 31, 2020, the operating ROA was at a notably low level of -27.05%, indicating that the company's operating profits generated from its assets were insufficient to cover its asset base.
By December 31, 2021, there was a slight improvement in the operating ROA, although still negative at -22.91%. This suggests that the company's profitability from its core operations relative to its assets remained weak.
The following year, as of December 31, 2022, there was a significant turnaround with a positive operating ROA of 6.71%. This indicates that the company was able to effectively utilize its assets to generate operating profits.
However, in the subsequent years, the operating ROA decreased. By December 31, 2023, it stood at 4.74%, showing a slight decline in profitability from operations relative to its assets.
By December 31, 2024, the operating ROA experienced a notable drop to -15.25%, indicating a decrease in operating profitability relative to the asset base.
Overall, the trend in Patterson-UTI Energy Inc's operating ROA indicates variability in the company's ability to generate operating profits from its asset base, with periods of improvement followed by declines.
Peer comparison
Dec 31, 2024