Patterson-UTI Energy Inc (PTEN)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 89.57% | 90.27% | 91.03% | 91.08% | 91.19% | 92.01% | 94.97% | 95.55% | 95.40% | 93.39% | 92.25% | 90.56% | 88.93% | 92.63% | 91.26% | 90.68% | 55.33% | 64.22% | 70.35% | 75.71% |
| Operating profit margin | -16.54% | -12.87% | 4.65% | 6.43% | 8.49% | 10.68% | 13.90% | 12.26% | 8.09% | -11.69% | -22.66% | -36.65% | -51.67% | -40.82% | -50.10% | -58.05% | -81.71% | -62.40% | -59.79% | -43.01% |
| Pretax margin | -17.82% | -14.06% | 3.47% | 5.32% | 7.41% | 9.65% | 12.80% | 10.87% | 6.43% | -13.62% | -24.85% | -39.10% | -54.68% | -44.29% | -54.13% | -62.35% | -85.26% | -66.67% | -63.60% | -46.12% |
| Net profit margin | -18.00% | -14.73% | 2.28% | 4.07% | 5.94% | 8.51% | 11.34% | 9.76% | 5.93% | -13.48% | -23.64% | -36.51% | -49.90% | -36.94% | -46.09% | -53.55% | -73.60% | -57.43% | -53.44% | -38.36% |
Patterson-UTI Energy Inc's profitability ratios indicate fluctuations over the past few years. The gross profit margin has generally shown an increasing trend, reaching a peak of 95.55% as of March 31, 2023. This indicates that the company has been able to effectively manage its cost of goods sold and pricing strategies to generate higher profits on sales.
On the other hand, the operating profit margin and pretax margin have shown significant improvement after a period of negative margins. The company managed to turn around its operating performance, with positive operating profit margins by December 31, 2022. Similarly, the pretax margin turned positive by the same period, reflecting better cost management and operational efficiency.
However, the net profit margin, which is a key indicator of overall profitability, also showed improvement but remained volatile. The company struggled with negative net profit margins until December 31, 2022, after which it began to turn positive. This improvement could be attributed to the company's efforts to cut costs, enhance operational efficiency, and optimize its business processes.
Overall, Patterson-UTI Energy Inc's profitability ratios demonstrate a mixed performance, with improvements in gross profit margin, operating profit margin, pretax margin, and net profit margin over the analyzed period. It is evident that the company has been working on enhancing its operational efficiency and cost management to drive profitability.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | -16.59% | -14.33% | 1.77% | 2.74% | 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% |
| Return on total capital | -18.93% | -15.56% | 4.44% | 5.39% | 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% |
| Return on equity (ROE) | -27.93% | -23.99% | 2.70% | 4.17% | 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% |
Patterson-UTI Energy Inc's profitability ratios have shown a fluctuating trend over the past few years.
- Operating return on assets (Operating ROA) was negative between March 2020 and June 2022, indicating that the company was not efficiently generating profits from its assets. However, there was a significant turnaround starting from March 2023, with the ratio turning positive and showing a consistent improvement thereafter.
- Return on assets (ROA) also followed a similar pattern, remaining negative until December 2022, but turning positive from March 2023 onwards. This suggests a shift towards more effective asset utilization and profitability.
- Return on total capital was consistently negative until December 2022, but displayed a positive trend from March 2023 onwards. This improvement indicates that the company is generating better returns relative to its total capital employed.
- Return on equity (ROE) was negative throughout the period from March 2020 to September 2022, but exhibited a positive turnaround starting from December 2022. This improvement suggests a better utilization of equity to generate profits for shareholders.
Overall, Patterson-UTI Energy Inc's profitability ratios have shown a positive turnaround in recent periods, indicating improvements in operational efficiency, asset utilization, and returns to both capital providers and equity holders.