Weatherford International PLC (WFRD)
Return on assets (ROA)
| 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 | 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 | 3,661,000 | -3,721,000 | -3,099,000 | -3,047,000 |
| Total assets | US$ in thousands | 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 | 7,293,000 | 6,324,000 | 6,381,000 | 6,519,000 |
| ROA | 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% | 50.20% | -58.84% | -48.57% | -46.74% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $417,000K ÷ $5,068,000K
= 8.23%
Weatherford International plc's return on assets (ROA) has shown a positive trend over the past eight quarters. The company's ROA has steadily improved from 0.55% in Q4 2022 to 8.23% in Q4 2023. This indicates that the company has become more efficient in generating profits from its assets over this period.
The significant increase in ROA from negative values in Q3 2022 to positive values in subsequent quarters suggests that Weatherford International plc has successfully turned around its asset utilization. The company's ability to generate higher returns on its assets in recent quarters is a positive sign of improved operational performance and management efficiency.
Overall, the improving trend in Weatherford International plc's ROA implies that the company is becoming more effective in utilizing its assets to generate profits, which is essential for long-term financial sustainability and growth.
Peer comparison
Dec 31, 2023