Patterson-UTI Energy Inc (PTEN)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -889,737 | -746,697 | 253,636 | 312,990 | 351,954 | 357,054 | 423,695 | 355,875 | 211,031 | -266,578 | -432,932 | -579,104 | -677,750 | -441,144 | -465,701 | -515,375 | -892,258 | -850,823 | -1,043,562 | -932,603 |
| Total assets | US$ in thousands | 5,833,470 | 5,963,680 | 7,022,330 | 7,226,190 | 7,420,030 | 7,420,570 | 3,117,200 | 3,092,340 | 3,143,820 | 3,042,000 | 2,959,980 | 2,888,960 | 2,957,850 | 3,017,460 | 3,073,310 | 3,171,840 | 3,299,070 | 3,491,220 | 3,624,800 | 3,870,280 |
| Operating ROA | -15.25% | -12.52% | 3.61% | 4.33% | 4.74% | 4.81% | 13.59% | 11.51% | 6.71% | -8.76% | -14.63% | -20.05% | -22.91% | -14.62% | -15.15% | -16.25% | -27.05% | -24.37% | -28.79% | -24.10% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-889,737K ÷ $5,833,470K
= -15.25%
Patterson-UTI Energy Inc's operating return on assets (operating ROA) has experienced significant fluctuations over the last few years based on the provided data. The performance indicators have varied from negative percentages to positive percentages during the periods under review.
From March 31, 2020, to September 30, 2021, the company's operating ROA remained consistently negative, indicating that the company was not generating profits from its core operations in relation to its asset base.
Starting from December 31, 2021, the operating ROA began to show signs of improvement, turning positive at 6.71% by the end of that quarter. The positive trend continued into 2023, with operating ROA reaching double digits, indicating that the company was becoming more efficient in generating profits from its assets.
However, the positive trend was short-lived as the operating ROA dropped in the latter part of 2024, with percentages turning negative again, possibly suggesting challenges or changes impacting the company's operational efficiency and profitability.
Overall, the analysis of Patterson-UTI Energy Inc's operating ROA reveals a volatile performance trajectory, with periods of both negative and positive returns on assets. Investors and stakeholders may want to closely monitor the company's operating performance and asset utilization to assess its financial health and sustainability in the future.
Peer comparison
Dec 31, 2024