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ProPetro Holding (ProPetro Holding) ROA % : 5.29% (As of Mar. 2024)


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What is ProPetro Holding ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. ProPetro Holding's annualized Net Income for the quarter that ended in Mar. 2024 was $80 Mil. ProPetro Holding's average Total Assets over the quarter that ended in Mar. 2024 was $1,507 Mil. Therefore, ProPetro Holding's annualized ROA % for the quarter that ended in Mar. 2024 was 5.29%.

The historical rank and industry rank for ProPetro Holding's ROA % or its related term are showing as below:

PUMP' s ROA % Range Over the Past 10 Years
Min: -10.76   Med: 0.17   Max: 17.44
Current: 5.25

During the past 9 years, ProPetro Holding's highest ROA % was 17.44%. The lowest was -10.76%. And the median was 0.17%.

PUMP's ROA % is ranked better than
64.65% of 1092 companies
in the Oil & Gas industry
Industry Median: 2.59 vs PUMP: 5.25

ProPetro Holding ROA % Historical Data

The historical data trend for ProPetro Holding's ROA % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ProPetro Holding ROA % Chart

ProPetro Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Get a 7-Day Free Trial Premium Member Only 12.03 -8.61 -5.13 0.17 6.08

ProPetro Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.42 11.11 9.57 -4.64 5.29

Competitive Comparison of ProPetro Holding's ROA %

For the Oil & Gas Equipment & Services subindustry, ProPetro Holding's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ProPetro Holding's ROA % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ProPetro Holding's ROA % distribution charts can be found below:

* The bar in red indicates where ProPetro Holding's ROA % falls into.



ProPetro Holding ROA % Calculation

ProPetro Holding's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=85.634/( (1335.786+1480.312)/ 2 )
=85.634/1408.049
=6.08 %

ProPetro Holding's annualized ROA % for the quarter that ended in Mar. 2024 is calculated as:

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=79.72/( (1480.312+1534.26)/ 2 )
=79.72/1507.286
=5.29 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2024) net income data. ROA % is displayed in the 30-year financial page.


ProPetro Holding  (NYSE:PUMP) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=79.72/1507.286
=(Net Income / Revenue)*(Revenue / Total Assets)
=(79.72 / 1623.372)*(1623.372 / 1507.286)
=Net Margin %*Asset Turnover
=4.91 %*1.077
=5.29 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


ProPetro Holding ROA % Related Terms

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ProPetro Holding (ProPetro Holding) Business Description

Traded in Other Exchanges
Address
1706 South Midkiff, Midland, TX, USA, 79701
ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing, wireline, and other complementary services to oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. The company focused on Permian Basin. The operating segment of the company are Hydraulic Fracturing, Cementing, Coiled Tubing, drilling and flowback.
Executives
Michele Vion Choka director 4140 DUBLIN BLVD, SUITE 400, DUBLIN CA 94568
Phillip A Gobe director, officer: Executive Chairman 777 HIDDEN RIDGE, IRVING TX 75038
Elo Omavuezi officer: Chief Accounting Officer 1706 S. MIDKIFF ROAD, MIDLAND TX 79701
Adam Munoz officer: Senior VP of Operations 1706 S. MIDKIFF ROAD, MIDLAND TX 79701
G Larry Lawrence director C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
David Scott Schorlemer officer: Chief Financial Officer 16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Mary P Ricciardello director 2925 BRIARPARK, SUITE 1050, HOUSTON TX 77042
John J Mitchell officer: Gen. Counsel & Corp. Secretary 1706 S. MIDKIFF, MIDLAND TX 79701
Armour Spencer D Iii director 400 W. ILLINOIS, SUITE 800, MIDLAND TX 79701
Wilson Newton W Iii officer: Gen. Counsel & Corp. Secretary C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Samuel D Sledge officer: Chief Strategy & Admin Officer 1706 S. MIDKIFF ROAD, MIDLAND TX 79701
Mark Stephen Berg director 777 HIDDEN RIDGE, IRVING TX 75038
Darin G Holderness officer: Interim CFO 14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079
Anthony James Best director 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Royce Mitchell director 777 HIDDEN RIDGE, IRVING TX 75038

ProPetro Holding (ProPetro Holding) Headlines