Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Profitability Ratios (Summary)
Apache Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
- Gross Profit Margin
- The gross profit margin shows a generally declining trend from 2011 through mid-2016. Starting above 82% in early 2011, it decreases gradually with minor fluctuations, falling to approximately 64.81% by June 2016. The decline appears steady, indicating increasing cost pressures or decreasing product pricing power over the period.
- Operating Profit Margin
- The operating profit margin experienced a significant downward trajectory. From a high of around 48.62% in early 2011, it steadily declined and entered negative territory starting around March 2015, reaching extremely negative values below -300% by the end of 2015 and continuing to be deeply negative through mid-2016. This steep decline suggests substantial operational challenges, potentially including high operating costs or impairment losses.
- Net Profit Margin
- The net profit margin followed a similar pattern to the operating margin, declining from a positive range above 27% in early 2011 to negative values beginning around early 2015. The margin reached severely negative levels by late 2015 and early 2016, indicating mounting net losses and worsening profitability.
- Return on Equity (ROE)
- ROE also reflects the deterioration in financial performance. Initially robust at above 15% in early 2011, it declined consistently and turned negative around early 2015. The negative returns worsened markedly, with extreme negative values reported by 2016, implying significant erosion of shareholder value.
- Return on Assets (ROA)
- ROA indicates a declining asset profitability trend, starting around 8.8% in early 2011 and falling to negative values from approximately early 2015 onward. The negative values deepened over time, suggesting inefficiencies in asset utilization and losses relative to the company’s asset base.
Overall, the data reveals a clear pattern of deteriorating profitability and financial performance over the observed periods. While gross profit margin declines modestly, operating and net profit margins, along with returns on equity and assets, demonstrate steep declines culminating in significant losses from 2015 onward. This indicates intensified operational and financial challenges, potentially reflecting adverse market conditions, increased costs, or impairment events impacting the company's earnings and returns.
Return on Sales
Return on Investment
Gross Profit Margin
Apache Corp., gross profit margin calculation (quarterly data)
Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q2 2016 Calculation
Gross profit margin = 100
× (Gross profitQ2 2016
+ Gross profitQ1 2016
+ Gross profitQ4 2015
+ Gross profitQ3 2015)
÷ (Oil and gas production revenuesQ2 2016
+ Oil and gas production revenuesQ1 2016
+ Oil and gas production revenuesQ4 2015
+ Oil and gas production revenuesQ3 2015)
= 100 × ( + + + )
÷ ( + + + )
=
- Gross Profit
- The gross profit values demonstrate volatility over the observed periods. Initially, gross profit increased from 3,179 million US dollars at the end of Q1 2011 to reach a peak of approximately 3,707 million in Q1 2012. Subsequently, there is a fluctuating but generally downward trend, with values declining from around 3,535 million in Q4 2011 to a low of 657 million in Q2 2016. Notably, there are steeper declines beginning in early 2014, suggesting persistent pressures on profitability during the latter part of the timeframe.
- Oil and Gas Production Revenues
- The revenues from oil and gas production exhibit a somewhat similar pattern to gross profit, starting at 3,878 million US dollars in Q1 2011 and rising to about 4,457 million by Q1 2012. Afterward, revenues show fluctuations with a general decreasing trend. By Q2 2016, revenues decreased significantly to approximately 1,386 million US dollars, indicating a substantial reduction in income from production activities in the later periods.
- Gross Profit Margin
- The gross profit margin is recorded starting from Q1 2012, showing high percentages above 80% initially, indicating strong profitability in relation to revenue during that period. However, the margin exhibits a consistent downward trend throughout the periods, diminishing from approximately 82.74% in early 2012 to around 64.81% by mid-2016. This declining margin suggests increasing production costs, decreasing efficiency, or other adverse factors impacting profitability over time.
- Overall Trends and Insights
- The data reveals a general decline in both gross profit and production revenues after peaking in early 2012, reflecting challenges in maintaining revenue levels and profitability. The decreasing gross profit margin reinforces the indication of worsening operational profitability. The steeper decreases in values after early 2014 and especially from 2015 onwards may correlate with external market conditions or internal operational difficulties. The divergence of gross profit percentages suggests that cost management or pricing power may have weakened significantly during the later years.
Operating Profit Margin
Apache Corp., operating profit margin calculation (quarterly data)
| Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Operating income (loss) | |||||||||||||||||||||||||||||
| Oil and gas production revenues | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Operating profit margin1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | |||||||||||||||||||||||||||||
| ConocoPhillips | |||||||||||||||||||||||||||||
| Exxon Mobil Corp. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q2 2016 Calculation
Operating profit margin = 100
× (Operating income (loss)Q2 2016
+ Operating income (loss)Q1 2016
+ Operating income (loss)Q4 2015
+ Operating income (loss)Q3 2015)
÷ (Oil and gas production revenuesQ2 2016
+ Oil and gas production revenuesQ1 2016
+ Oil and gas production revenuesQ4 2015
+ Oil and gas production revenuesQ3 2015)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Operating Income (Loss)
- The operating income demonstrated a fluctuating trend over the examined periods. Initially, from March 2011 to December 2011, the operating income remained relatively strong, ranging between approximately $1.9 billion and $2.2 billion. However, starting from the first quarter of 2012, a downward trajectory began, with values declining sharply. By the end of 2014, the company experienced negative operating income, marking the onset of consistent losses. The negative trend intensified significantly in 2015, reaching a peak loss of approximately $-8.6 billion in the first quarter of 2016 before slightly recovering but still remaining negative through mid-2016.
- Oil and Gas Production Revenues
- Revenues from oil and gas production showed a relatively stable pattern initially, maintaining values mostly in the $3.5 to $4.4 billion range from 2011 through mid-2014. Beginning in late 2014, revenues began to decline steadily, dropping sharply to under $2 billion by early 2016. This substantial reduction in revenue coincided with and likely contributed to the worsening operating income during the same period.
- Operating Profit Margin
- The operating profit margin exhibited a strong position during the early years around 2011 and early 2012, with percentages ranging from approximately 29% to 48%. From 2013 to mid-2014, margins remained positive but showed a downward trend, stabilizing in the high 20s to low 30% range. Starting in late 2014, margins turned negative, deteriorating significantly through 2015 and into 2016. The margins reflected severe operational challenges, reaching extremely negative values below -400%, indicating that losses far exceeded revenues during those quarters.
- Overall Insights
- The data indicate a significant shift in the financial health of the company beginning in late 2014. Prior to this period, both the operating income and profit margins were robust and stable, supported by steady oil and gas production revenues. Following this, a sharp decline in revenues correlated strongly with accelerated losses and worsening margins. The negative operating profit margins and steep losses suggest substantial operational and perhaps market difficulties impacting profitability. The slight improvement seen in operating income in mid-2016, though still negative, may indicate the beginning of stabilization or recovery efforts.
Net Profit Margin
Apache Corp., net profit margin calculation (quarterly data)
| Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income (loss) attributable to Apache shareholders | |||||||||||||||||||||||||||||
| Oil and gas production revenues | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Net profit margin1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | |||||||||||||||||||||||||||||
| ConocoPhillips | |||||||||||||||||||||||||||||
| Exxon Mobil Corp. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q2 2016 Calculation
Net profit margin = 100
× (Net income (loss) attributable to Apache shareholdersQ2 2016
+ Net income (loss) attributable to Apache shareholdersQ1 2016
+ Net income (loss) attributable to Apache shareholdersQ4 2015
+ Net income (loss) attributable to Apache shareholdersQ3 2015)
÷ (Oil and gas production revenuesQ2 2016
+ Oil and gas production revenuesQ1 2016
+ Oil and gas production revenuesQ4 2015
+ Oil and gas production revenuesQ3 2015)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Net Income (Loss) Attributable to Shareholders
- The net income displayed a generally declining trend over the periods analyzed. Starting from a positive value of 1,134 million US dollars in March 2011, the figure experienced some fluctuations but began a marked decline after mid-2014. By March 2015, the net income turned negative, reaching -1,330 million US dollars, and subsequent quarters showed further deterioration, with losses peaking at -7,213 million US dollars in June 2015. The last two quarters presented a partial recovery, still remaining in negative territory at -372 and -244 million US dollars, respectively, in March and June 2016.
- Oil and Gas Production Revenues
- Production revenues showed a generally downward trajectory starting from early 2014. Initial quarters from 2011 to 2013 saw revenues fluctuating around a relatively stable range between approximately 3,600 and 4,400 million US dollars. However, from early 2014 onwards, the amount steadily declined, dropping markedly by the first half of 2015 and continuing low in 2016. Revenues dropped from 3,647 million US dollars in March 2014 to as low as 1,087 million US dollars in March 2016, indicating a sharp decrease in revenue generation over the time period.
- Net Profit Margin
- The net profit margin showed significant volatility and weakening over time. Initially, margins were positive and reasonably healthy, for example, standing at approximately 27.27% in December 2011, declining progressively over the succeeding years. From 2014 onwards, the margin became negative, reflecting the net losses incurred. The margin dived deeply into negative territory, reaching a record low of -362.2% in March 2015. Towards the end of the analyzed timeline, the margin remained substantially negative, though it showed signs of partial improvement compared to its lowest points.
Return on Equity (ROE)
Apache Corp., ROE calculation (quarterly data)
| Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income (loss) attributable to Apache shareholders | |||||||||||||||||||||||||||||
| Total Apache shareholders’ equity | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| ROE1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | |||||||||||||||||||||||||||||
| ConocoPhillips | |||||||||||||||||||||||||||||
| Exxon Mobil Corp. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q2 2016 Calculation
ROE = 100
× (Net income (loss) attributable to Apache shareholdersQ2 2016
+ Net income (loss) attributable to Apache shareholdersQ1 2016
+ Net income (loss) attributable to Apache shareholdersQ4 2015
+ Net income (loss) attributable to Apache shareholdersQ3 2015)
÷ Total Apache shareholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial data reflects significant fluctuations in net income attributable to shareholders over the examined periods, with a general downward trend from early 2014 onward. Initially, net income remained positive and relatively stable from 2011 through 2013, peaking at 1,259 million US dollars in the second quarter of 2011 and maintaining values generally above 500 million until the end of 2013. However, from the first quarter of 2014, the company recorded a marked decline, culminating in substantial net losses from the first quarter of 2015 through mid-2016. The lowest net losses were particularly pronounced in 2015, exceeding 7 billion US dollars in the third quarter, before somewhat recovering yet still remaining negative by mid-2016.
Shareholders’ equity demonstrates a contrasting trend relative to net income. It generally increased steadily from around 25 billion US dollars at the beginning of 2011 to a peak slightly above 33 billion by the end of 2013. Thereafter, it experienced a substantial decline through 2014 and 2015, falling sharply from over 30 billion to under 10 billion by early 2016. A slight recovery is noted in mid-2016 but equity remains significantly reduced compared to earlier years.
Return on equity (ROE) mirrors the decline in profitability and deterioration of shareholders’ equity. While ROE was strong and positive in the earlier years, with figures peaking near 15.81% in September 2011 and remaining above 5% until mid-2014, it sharply transitioned into negative territory beginning in late 2014. The negative ROE values intensified substantially in 2015, exceeding -200% and even reaching nearly -901% by the second quarter of 2016, indicating extremely poor returns relative to equity and highlighting considerable losses.
- Net income (loss)
- Stable and positive through 2011–2013; severe net losses starting in 2014 with a nadir in 2015;
- Total shareholders’ equity
- Gradual increase through 2013, followed by sharp decline during 2014–2016, indicating erosion of equity;
- Return on equity (ROE)
- Strong and positive through 2011–mid-2014; sharp decline into large negative values in 2015–2016, reflecting deteriorating profitability and equity base;
Overall, the data indicates a period of operational and financial distress beginning in late 2014, marked by significant losses, depletion of equity, and highly negative returns on equity. The slight recovery in equity in mid-2016, although modest, suggests some stabilization efforts. Nonetheless, the negative profitability and equity trends underscore substantial challenges faced by the company during the monitored period.
Return on Assets (ROA)
Apache Corp., ROA calculation (quarterly data)
| Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income (loss) attributable to Apache shareholders | |||||||||||||||||||||||||||||
| Total assets | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| ROA1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | |||||||||||||||||||||||||||||
| ConocoPhillips | |||||||||||||||||||||||||||||
| Exxon Mobil Corp. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q2 2016 Calculation
ROA = 100
× (Net income (loss) attributable to Apache shareholdersQ2 2016
+ Net income (loss) attributable to Apache shareholdersQ1 2016
+ Net income (loss) attributable to Apache shareholdersQ4 2015
+ Net income (loss) attributable to Apache shareholdersQ3 2015)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial data indicates significant fluctuations and a generally declining trend in key performance indicators over the analyzed period.
- Net Income (Loss) Attributable to Apache Shareholders
-
Net income figures show considerable volatility, starting with positive results in early 2011, peaking at 1,259 million US dollars in the second quarter of 2011. Subsequently, income exhibits a downward trend with intermittent recoveries. After a decline in 2012, net income recovers slightly in 2013 and early 2014, reaching over 500 million US dollars in mid-2014. However, from late 2014 onwards, net income turns negative and deteriorates sharply, reaching a low point of -7,213 million US dollars in mid-2015 before showing partial improvement towards mid-2016.
- Total Assets
-
Total assets increased steadily from approximately 44.87 billion US dollars at the end of the first quarter of 2011 to a peak of about 63.35 billion US dollars in mid-2013. Following this peak, total assets began to decline gradually, dropping to approximately 18.84 billion US dollars by the end of the first quarter of 2016, with a slight uptick to around 24.35 billion by mid-2016. This pattern suggests a significant contraction in asset base starting in late 2013 through 2015, possibly reflecting asset disposals, impairments, or write-downs.
- Return on Assets (ROA)
-
Return on assets data, available only from March 31, 2012, demonstrates a downward trajectory. Initially, ROA was strong, close to 8.81%, but it decreased steadily over time, moving from modest positive returns to negative values beginning in 2015. The negative ROA reached severe magnitudes, with figures as low as -122.7% in early 2016, indicating that net losses heavily outweighed the asset base during this latter period. This decline signals a marked decrease in the company’s profitability relative to its asset utilization.
In summary, the company experienced strong profitability and asset growth through the early 2010s, followed by a sharp deterioration in net income, asset base contraction, and worsening returns on assets. The negative profitability and asset shrinkage in recent years reflect operational challenges and an unfavorable financial position that warrant further analysis and potentially strategic adjustments.