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