Cactus Inc (WHD)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 277,228 | 264,366 | 234,034 | 197,727 | 193,446 | 174,748 | 152,239 | 121,709 | 94,782 | 75,427 | 58,138 | 49,928 | 41,489 | 70,039 | 97,701 | 132,268 | 174,843 | 183,150 | 190,929 | 195,939 |
| Total assets | US$ in thousands | 1,575,890 | 1,522,560 | 1,464,150 | 1,476,400 | 1,520,270 | 1,118,900 | 1,095,200 | 1,070,120 | 1,026,190 | 982,078 | 963,930 | 944,750 | 877,865 | 815,594 | 811,488 | 822,152 | 850,095 | 834,964 | 811,137 | 793,765 |
| Operating ROA | 17.59% | 17.36% | 15.98% | 13.39% | 12.72% | 15.62% | 13.90% | 11.37% | 9.24% | 7.68% | 6.03% | 5.28% | 4.73% | 8.59% | 12.04% | 16.09% | 20.57% | 21.94% | 23.54% | 24.68% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $277,228K ÷ $1,575,890K
= 17.59%
Cactus Inc's operating return on assets (ROA) has displayed a fluctuating trend over the past few quarters. The operating ROA increased from 8.59% in March 2021 to 17.59% in March 2024, signifying an improvement in the company's operating efficiency and profitability during this period.
However, the operating ROA experienced some volatility within this period, with fluctuations observed in some quarters. For instance, the operating ROA decreased to 12.72% in March 2023 before rebounding to 15.98% in September 2023. This variability could indicate potential challenges or changes in the company's operations impacting its ability to generate profits from its assets consistently.
Overall, the general upward trend in operating ROA suggests that Cactus Inc has been able to enhance its operational performance and asset utilization over time. However, it is important for the company to address any fluctuations or declines in operating ROA to ensure sustained profitability and efficiency in its operations.
Peer comparison
Mar 31, 2024