ProPetro Holding Corp (PUMP)

Return on assets (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
Net income (ttm)	US$ in thousands	-137,859	-137,906	33,914	76,831	85,634	115,785	91,064	18,947	2,031	-31,243	-46,342	-21,993	-54,185	-78,065	-102,182	-119,591	-76,541	-9,754	53,827	115,880
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
ROA		-11.27%	-10.77%	2.24%	5.01%	5.78%	7.86%	6.35%	1.36%	0.15%	-2.73%	-4.34%	-2.03%	-5.11%	-7.10%	-9.58%	-11.45%	-7.28%	-0.89%	4.92%	8.07%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-137,859K ÷ $1,223,640K
= -11.27%

The return on assets (ROA) of ProPetro Holding Corp has shown fluctuations over the past few years. From March 2020 to June 2020, the ROA decreased from 8.07% to 4.92%. Subsequently, there was a significant decline in profitability, with ROA turning negative starting from September 2020 and continuing to decrease until December 2022.

The company experienced its lowest ROA in March 2021 at -11.45%. However, there was a gradual improvement in ROA from March 2023 onwards, with positive figures recorded consistently until June 2024. The ROA peaked at 7.86% in September 2023.

Despite the positive trend in recent periods, the ROA declined again in the last quarter of 2024 to -11.27%. Overall, the fluctuating ROA values suggest that ProPetro Holding Corp has faced challenges in optimizing its asset utilization and generating profits efficiently during the period under review.