ProPetro Holding Corp (PUMP)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 529,761 | 130,343 | 168,595 | -3,177 | -35,979 |
| Total assets | US$ in thousands | 1,223,640 | 1,480,310 | 1,335,790 | 1,061,240 | 1,050,740 |
| Operating ROA | 43.29% | 8.81% | 12.62% | -0.30% | -3.42% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $529,761K ÷ $1,223,640K
= 43.29%
Based on the historical data provided, ProPetro Holding Corp's operating return on assets (operating ROA) has varied significantly over the years.
- As of December 31, 2020, the operating ROA was -3.42%, indicating that the company was experiencing a negative return on its assets in that period.
- By December 31, 2021, the operating ROA had improved to -0.30%, although it was still in negative territory.
- A significant turnaround occurred by December 31, 2022, when the operating ROA surged to 12.62%, signifying a substantial positive return on assets.
- This positive trend continued into the following years, with the operating ROA standing at 8.81% by December 31, 2023, and soaring to 43.29% by December 31, 2024.
Overall, the company experienced a significant improvement in its operating ROA, transitioning from negative returns to highly positive returns on its assets over the years. This indicates a potential enhancement in operational efficiency and profitability, which could be attributed to strategic management decisions or operational improvements within the organization.
Peer comparison
Dec 31, 2024