Cactus Inc (WHD)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 165,242 | 169,171 | 151,213 | 130,058 | 132,452 | 110,174 | 94,209 | 75,401 | 58,650 | 49,593 | 37,771 | 31,387 | 27,022 | 34,446 | 49,302 | 62,408 | 77,788 | 85,612 | 84,478 | 83,811 |
| 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 |
| ROA | 10.49% | 11.11% | 10.33% | 8.81% | 8.71% | 9.85% | 8.60% | 7.05% | 5.72% | 5.05% | 3.92% | 3.32% | 3.08% | 4.22% | 6.08% | 7.59% | 9.15% | 10.25% | 10.41% | 10.56% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $165,242K ÷ $1,575,890K
= 10.49%
Cactus Inc's return on assets (ROA) has shown a fluctuating trend over the past few quarters. The ROA was 10.49% as of March 31, 2024, which was a slight decrease from the previous quarter but still higher compared to the same period last year. This indicates that the company generated $0.1049 in profit for every dollar of assets it holds.
Looking at the historical data, the ROA has generally been on an upward trajectory since the end of 2020, reaching a peak of 11.11% as of December 31, 2023. This suggests that Cactus Inc has been efficiently utilizing its assets to generate profits and improve its overall financial performance.
It is worth noting that there have been fluctuations in the ROA over the quarters, which could be due to various factors such as changes in business strategy, economic conditions, or operational efficiency. The company's ability to maintain a ROA above 10% in recent quarters indicates solid financial management and profitability, albeit with some variability.
Overall, Cactus Inc's ROA trend suggests that the company has been effective in generating profits relative to its asset base, demonstrating a positive performance in asset utilization. Continued monitoring of the ROA will be important to assess the company's financial health and efficiency in the future.
Peer comparison
Mar 31, 2024