ProPetro Holding Corp (PUMP)
Return on equity (ROE)
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 85,634 | 115,785 | 91,064 | 18,947 | 2,031 | -31,243 | -46,342 | -21,993 | -54,185 | -78,065 | -102,182 | -119,591 | -107,020 | -40,233 | 23,348 | 85,401 | 163,010 | 192,113 | 204,001 | 206,959 |
Total stockholders’ equity | US$ in thousands | 998,392 | 1,027,330 | 1,008,360 | 982,923 | 954,033 | 830,538 | 817,036 | 847,212 | 826,302 | 842,815 | 844,743 | 847,269 | 870,771 | 911,767 | 938,429 | 961,516 | 969,305 | 944,100 | 909,037 | 869,541 |
ROE | 8.58% | 11.27% | 9.03% | 1.93% | 0.21% | -3.76% | -5.67% | -2.60% | -6.56% | -9.26% | -12.10% | -14.11% | -12.29% | -4.41% | 2.49% | 8.88% | 16.82% | 20.35% | 22.44% | 23.80% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $85,634K ÷ $998,392K
= 8.58%
ProPetro Holding Corp's return on equity (ROE) has shown fluctuations over the periods analyzed. The ROE ranged from negative figures to double-digit positive values. In recent quarters, there has been an overall improvement in ROE compared to the prior periods, with figures moving from negative values to positive territory.
The company experienced a significant improvement in ROE from the end of 2020 to 2021, with a notable increase in ROE in 2021 compared to the prior year. However, ROE has since fluctuated but generally remained positive in 2022 and 2023. The highest ROE in recent periods was observed in the first quarter of 2019 and has generally trended downwards since then, except for the recent quarters of improvement.
ProPetro Holding Corp's management should continue to monitor and evaluate the factors influencing ROE to sustain or further enhance its profitability and shareholder returns. The company's ability to efficiently utilize equity to generate profits will be crucial for its long-term financial sustainability and growth.
Peer comparison
Dec 31, 2023