Weatherford International PLC (WFRD)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 417,000 | 26,000 | -450,000 | -1,921,000 | 3,661,000 |
| Total stockholders’ equity | US$ in thousands | 924,000 | 535,000 | 472,000 | 907,000 | 2,880,000 |
| ROE | 45.13% | 4.86% | -95.34% | -211.80% | 127.12% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $417,000K ÷ $924,000K
= 45.13%
Weatherford International plc's return on equity (ROE) has varied significantly over the past three years, displaying a notable improvement from -95.34% in 2021 to 45.13% in 2023. This turnaround indicates a positive trend in the company's ability to generate profits from shareholders' equity. The sharp increase in ROE suggests improved efficiency in utilizing equity to generate earnings, enhancing shareholder value. The ROE of 45.13% in 2023 outperforms the industry average and indicates strong profitability and effective management of the company's assets and liabilities. This positive trend in ROE reflects potential growth opportunities and financial stability for Weatherford International plc.
Peer comparison
Dec 31, 2023