Patterson-UTI Energy Inc (PTEN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -968,031 | -854,499 | 124,312 | 197,849 | 246,292 | 284,439 | 345,841 | 283,113 | 154,658 | -307,264 | -451,714 | -576,909 | -654,545 | -399,247 | -428,360 | -475,383 | -803,692 | -783,088 | -932,696 | -831,811 |
| 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 |
| 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-968,031K ÷ $5,833,470K
= -16.59%
Patterson-UTI Energy Inc's Return on Assets (ROA) has shown a fluctuating trend over the past years. Starting from negative values in the range of -21% to -25% in 2020, the company managed to improve its ROA to reach positive values by the end of 2022 and into 2023. However, towards the end of 2024, the ROA decreased significantly, dropping back into negative territory with values around -14% to -16%.
This erratic performance in ROA suggests that the company's ability to generate profits from its assets has been inconsistent. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and profitability prospects.
Peer comparison
Dec 31, 2024