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.