Patterson-UTI Energy Inc (PTEN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -968,031 | 246,292 | 154,658 | -654,545 | -803,692 |
| Total assets | US$ in thousands | 5,833,470 | 7,420,030 | 3,143,820 | 2,957,850 | 3,299,070 |
| ROA | -16.59% | 3.32% | 4.92% | -22.13% | -24.36% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-968,031K ÷ $5,833,470K
= -16.59%
Patterson-UTI Energy Inc's return on assets (ROA) has fluctuated significantly over the past five years. The ROA was notably negative in December 31, 2020 (-24.36%) and December 31, 2021 (-22.13%), indicating that the company was not effectively generating profits relative to its assets during those periods.
However, the ROA showed some improvement in the subsequent years, reaching 4.92% in December 31, 2022, and 3.32% in December 31, 2023. This indicates that the company managed to enhance its profitability in relation to its assets during those years.
Nonetheless, the ROA dipped again to -16.59% in December 31, 2024, signifying a decline in profitability relative to its asset base. Overall, the company's ROA performance has been volatile, with periods of both negative and positive returns, suggesting fluctuations in its ability to generate profits from its assets efficiently.
Peer comparison
Dec 31, 2024