Weatherford International PLC (WFRD)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 506,000 | 417,000 | 26,000 | -450,000 | -1,921,000 |
| Total stockholders’ equity | US$ in thousands | 1,285,000 | 924,000 | 535,000 | 472,000 | 907,000 |
| ROE | 39.38% | 45.13% | 4.86% | -95.34% | -211.80% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $506,000K ÷ $1,285,000K
= 39.38%
Based on the data provided, Weatherford International PLC experienced a significant improvement in its return on equity (ROE) from a negative 211.80% in December 2020 to a positive 4.86% in December 2022, indicating a potential turnaround in the company's profitability and efficiency in generating returns for its shareholders.
By December 2023, Weatherford International PLC continued to strengthen its ROE, reaching 45.13%, demonstrating a substantial increase from the previous year and suggesting improved management of assets and liabilities to boost profitability.
In December 2024, the company maintained a relatively strong ROE of 39.38%, further solidifying its performance and indicating sustainable growth and value creation for its shareholders.
Overall, the upward trend in Weatherford International PLC's ROE signals positive strategic decisions and operational effectiveness that have positively impacted the company's financial health and return potential for investors. It is advisable for stakeholders to continue monitoring the company's financial performance to assess its ability to maintain and potentially improve its ROE in the future.
Peer comparison
Dec 31, 2024