Weatherford International PLC (WFRD)
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 | 506,000 | 534,000 | 500,000 | 457,000 | 417,000 | 349,000 | 254,000 | 178,000 | 26,000 | -207,000 | -330,000 | -414,000 | -450,000 | -489,000 | -568,000 | -1,071,000 | -1,921,000 | 3,558,000 | 2,911,000 | 3,176,000 |
| Total assets | US$ in thousands | 5,159,000 | 5,188,000 | 5,111,000 | 5,090,000 | 5,068,000 | 4,895,000 | 4,648,000 | 4,709,000 | 4,720,000 | 4,707,000 | 4,735,000 | 4,684,000 | 4,774,000 | 5,148,000 | 5,160,000 | 5,295,000 | 5,434,000 | 5,664,000 | 5,409,000 | 6,165,000 |
| ROA | 9.81% | 10.29% | 9.78% | 8.98% | 8.23% | 7.13% | 5.46% | 3.78% | 0.55% | -4.40% | -6.97% | -8.84% | -9.43% | -9.50% | -11.01% | -20.23% | -35.35% | 62.82% | 53.82% | 51.52% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $506,000K ÷ $5,159,000K
= 9.81%
Weatherford International PLC's return on assets (ROA) has shown fluctuating performance over the period analyzed.
From March 31, 2020, to September 30, 2020, the ROA improved significantly from 51.52% to 62.82%, indicating that the company was effectively generating profits relative to its total assets during this period.
However, the ROA sharply declined in the following quarters, turning negative by December 31, 2020, which means that the company's assets were not generating sufficient profits to cover costs.
The negative trend continued into the first half of 2021, with ROA hitting its lowest point of -20.23% on March 31, 2021.
From March 31, 2021, onwards, there was a gradual improvement in ROA, with the company returning to positive territory by the end of the year.
By December 31, 2024, the ROA had reached 9.81%, showing a recovery in the company's ability to generate profits from its assets.
Overall, Weatherford International PLC experienced a period of negative ROA, followed by a gradual turnaround and improvement in profitability relative to its assets over the analyzed period.
Peer comparison
Dec 31, 2024