ProPetro Holding Corp (PUMP)

Operating return on assets (Operating ROA)

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Operating income (ttm) US$ in thousands 130,343 156,920 125,890 33,141 -2,588 -43,285 -62,832 -34,313 -68,695 -102,331 -132,889 -152,464 -131,242 -44,897 40,116 120,145 221,361 242,833 255,722 260,571
Total assets US$ in thousands 1,480,310 1,472,220 1,433,380 1,394,150 1,335,790 1,143,610 1,335,790 1,084,450 1,061,240 1,098,750 1,066,790 1,044,780 1,050,740 1,050,740 1,050,740 1,050,740 1,436,110 1,436,110 1,436,110 1,409,000
Operating ROA 8.81% 10.66% 8.78% 2.38% -0.19% -3.78% -4.70% -3.16% -6.47% -9.31% -12.46% -14.59% -12.49% -4.27% 3.82% 11.43% 15.41% 16.91% 17.81% 18.49%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $130,343K ÷ $1,480,310K
= 8.81%

The operating return on assets (ROA) for ProPetro Holding Corp has varied significantly over the past years. From December 2019 to December 2023, the operating ROA ranged from a high of 18.49% to a low of -14.59%. The trend shows a general decline in operating ROA from 2019 to early 2021, with negative operating ROA figures during this period.

However, there was a significant turnaround from mid-2021 to 2023, with operating ROA turning positive again and gradually increasing. The latest operating ROA figure of 8.81% at the end of December 2023 shows an improvement in profitability compared to previous periods.

Overall, the company's operating ROA has shown volatility and fluctuations over the past few years, indicating changes in operational efficiency and profitability levels. Investors and stakeholders may want to monitor future trends in operating ROA to assess the company's ability to generate profits from its assets.


Peer comparison

Dec 31, 2023