ProPetro Holding Corp (PUMP)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -157,225 | -143,978 | 80,797 | 130,536 | 135,226 | 185,663 | 190,653 | 177,849 | 168,594 | 99,154 | 43,587 | -7,839 | -68,695 | -102,331 | -132,889 | -152,464 | -93,507 | 21,476 | 137,642 | 248,869 |
| Total assets | US$ in thousands | 1,223,640 | 1,280,210 | 1,512,330 | 1,534,260 | 1,480,310 | 1,472,220 | 1,433,380 | 1,394,150 | 1,335,790 | 1,143,610 | 1,067,620 | 1,084,450 | 1,061,240 | 1,098,750 | 1,066,790 | 1,044,780 | 1,050,740 | 1,096,140 | 1,093,600 | 1,436,110 |
| Operating ROA | -12.85% | -11.25% | 5.34% | 8.51% | 9.13% | 12.61% | 13.30% | 12.76% | 12.62% | 8.67% | 4.08% | -0.72% | -6.47% | -9.31% | -12.46% | -14.59% | -8.90% | 1.96% | 12.59% | 17.33% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-157,225K ÷ $1,223,640K
= -12.85%
ProPetro Holding Corp's operating return on assets (operating ROA) is a key financial ratio that indicates the company's efficiency in generating operating income relative to its total assets.
Looking at the trend of ProPetro's operating ROA from March 31, 2020, to December 31, 2024, we observe fluctuations in the performance of the company.
- The operating ROA started positively at 17.33% on March 31, 2020, indicating a strong operating income generation relative to assets.
- However, the operating ROA declined to 12.59% by June 30, 2020, and further dropped to 1.96% by September 30, 2020, which may suggest a decrease in operating income efficiency or an increase in asset base.
- The operating ROA turned negative from December 31, 2020, to March 31, 2022, indicating that the company's operating income was insufficient to cover its asset base during this period.
- From June 30, 2022, onwards, the operating ROA started to show signs of improvement, reaching 13.30% by June 30, 2023.
- However, the operating ROA declined again by the end of 2024, with negative figures recorded in the last two quarters of the year, suggesting a decrease in operating income efficiency relative to assets.
Overall, ProPetro Holding Corp's operating ROA experienced fluctuations over the analyzed period, indicating varying levels of operational efficiency and asset utilization. Investors and stakeholders should closely monitor these trends to assess the company's financial performance and management of assets effectively.
Peer comparison
Dec 31, 2024