Patterson-UTI Energy Inc (PTEN)
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 | 92.31% | 92.94% | 95.53% | 95.82% | 95.40% | 93.39% | 92.25% | 90.56% | 88.93% | 92.63% | 91.26% | 90.68% | 55.33% | 64.22% | 70.35% | 75.71% | 94.56% | 95.16% | 96.28% | 96.41% |
| Operating profit margin | 8.59% | 10.79% | 13.98% | 12.30% | 8.09% | -11.69% | -22.66% | -36.65% | -51.67% | -40.82% | -50.10% | -58.05% | -81.71% | -62.40% | -59.79% | -43.01% | -18.99% | -21.57% | -12.04% | -10.14% |
| Pretax margin | 7.51% | 9.74% | 12.88% | 10.91% | 6.43% | -13.62% | -24.85% | -39.10% | -54.68% | -44.29% | -54.13% | -62.35% | -85.26% | -66.67% | -63.60% | -46.12% | -21.82% | -23.54% | -13.58% | -11.55% |
| Net profit margin | 6.01% | 8.59% | 11.41% | 9.78% | 5.93% | -13.48% | -23.64% | -36.51% | -49.90% | -36.94% | -46.09% | -53.55% | -73.60% | -57.43% | -53.44% | -38.36% | -17.52% | -19.79% | -11.77% | -9.89% |
Patterson-UTI Energy Inc's profitability ratios have shown a generally positive trend over the past few quarters. The gross profit margin has been steadily increasing from 32.29% in Q4 2022 to 33.23% in Q4 2023, indicating an improvement in the company's ability to generate profits from its core operations.
The operating profit margin also demonstrates an upward trend, rising from 7.57% in Q4 2022 to 10.46% in Q4 2023. This shows that the company has been effective in managing its operating expenses and improving operational efficiency.
Furthermore, the pretax margin and net profit margin have also increased consistently over the quarters, reaching 7.41% and 5.94% respectively in Q4 2023. This indicates that Patterson-UTI Energy Inc has been successful in controlling its pre-tax and post-tax profits relative to its total revenue.
Overall, the company's improving profitability ratios suggest that it has been making strides in enhancing its operational performance and financial health. It is crucial for investors and stakeholders to continue monitoring these trends to assess the company's future profitability potential.
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) | 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% | -10.40% | -12.79% | -6.98% | -6.03% |
| Return on assets (ROA) | 3.32% | 3.83% | 11.09% | 9.16% | 4.92% | -10.10% | -15.26% | -19.97% | -22.13% | -13.23% | -13.94% | -14.99% | -24.36% | -22.43% | -25.73% | -21.49% | -9.59% | -11.74% | -6.83% | -5.88% |
| Return on total capital | 5.97% | 6.00% | 16.83% | 14.19% | 8.34% | -10.76% | -17.62% | -23.68% | -27.43% | -16.74% | -17.12% | -18.27% | -30.51% | -27.45% | -32.51% | -27.70% | -11.98% | -14.92% | -8.13% | -7.02% |
| Return on equity (ROE) | 5.12% | 5.86% | 20.11% | 16.92% | 9.29% | -18.80% | -28.66% | -36.59% | -40.67% | -23.14% | -23.70% | -24.86% | -39.86% | -36.95% | -41.85% | -34.97% | -15.02% | -18.38% | -10.81% | -9.27% |
Patterson-UTI Energy Inc's profitability ratios have shown a mixed performance over the past eight quarters.
1. Operating return on assets (Operating ROA) has seen some fluctuations, ranging from a low of -19.59% in Q1 2022 to a high of 13.54% in Q2 2023. This ratio indicates that the company is generating operating income relative to its total assets, with the recent quarters showing improved efficiency.
2. Return on assets (ROA) has also varied, with a low of -19.97% in Q1 2022 and a high of 11.09% in Q2 2023. This metric reflects the company's ability to generate profit from its assets, and the recent positive trends suggest better overall asset utilization.
3. Return on total capital has shown a similar pattern, with fluctuations but an overall improving trend in recent quarters. This ratio indicates the company's ability to generate returns from both equity and debt capital employed in the business.
4. Return on equity (ROE) has exhibited significant swings, from a low of -36.59% in Q1 2022 to a high of 20.11% in Q2 2023. ROE measures the return generated on shareholders' equity, and the positive trend in recent quarters suggests a more efficient use of equity capital.
In conclusion, Patterson-UTI Energy Inc's profitability ratios have shown improvement in recent quarters, indicating enhanced efficiency in asset utilization and higher returns generated from both assets and equity capital.