Cactus Inc (WHD)

Return on assets (ROA)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Net income (ttm) US$ in thousands 185,407 187,667 190,320 165,242 169,171 151,213 130,058 132,452 110,174 94,209 75,401 58,650 49,593 37,771 31,387 27,022 34,446 49,302 62,408 77,788
Total assets US$ in thousands 1,739,330 1,681,720 1,626,390 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
ROA 10.66% 11.16% 11.70% 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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $185,407K ÷ $1,739,330K
= 10.66%

The Return on Assets (ROA) of Cactus Inc has shown variations over the periods provided. The ROA decreased from 9.15% as of March 31, 2020, to a low of 3.08% as of March 31, 2021. This downward trend continued until June 30, 2021, where it slightly increased to 3.32%.

However, there was a notable improvement in ROA after June 30, 2021, with an upward trajectory observed until December 31, 2022, reaching a peak of 9.85%. Subsequently, the ROA slightly fluctuated but remained relatively stable around double-digit figures.

Overall, the ROA of Cactus Inc indicates that the company has been effectively utilizing its assets to generate profits, with the most recent figure standing at 10.66% as of December 31, 2024. This suggests that the company's management is effectively leveraging its assets to generate earnings for its shareholders.