Patterson-UTI Energy Inc (PTEN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,465,820 | 3,562,130 | 4,599,110 | 4,743,000 | 4,812,290 | 4,851,210 | 1,720,170 | 1,672,960 | 1,665,520 | 1,634,380 | 1,576,080 | 1,576,700 | 1,609,490 | 1,725,640 | 1,807,720 | 1,912,150 | 2,016,060 | 2,119,560 | 2,228,870 | 2,378,890 |
| 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-968,031K ÷ $3,465,820K
= -27.93%
Patterson-UTI Energy Inc's return on equity (ROE) experienced a significant decline from negative percentages in the early part of the analyzed period, reaching a low of -41.85% as of June 30, 2020. Subsequently, there was a gradual improvement in ROE, with positive figures achieved by the end of the period. The ROE turned positive as of December 31, 2022, indicating a return to profitability and financial health. The positive trend continued in the following quarters, peaking at 20.11% as of June 30, 2023, before moderating to around 5% in subsequent periods. However, there were setbacks towards the end of the period, with ROE turning negative again by December 31, 2024. This fluctuation in ROE suggests varying levels of profitability and efficiency in generating returns for shareholders during the analyzed period.
Peer comparison
Dec 31, 2024