Return on Assets (ROA)
since 2005
Calculation
Halliburton Co., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to company1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2018 | 6.37% | = | 100 | × | 1,656) | ÷ | 25,982) |
| Dec 31, 2017 | -1.85% | = | 100 | × | (463) | ÷ | 25,085) |
| Dec 31, 2016 | -21.34% | = | 100 | × | (5,763) | ÷ | 27,000) |
| Dec 31, 2015 | -1.82% | = | 100 | × | (671) | ÷ | 36,942) |
| Dec 31, 2014 | 10.86% | = | 100 | × | 3,500) | ÷ | 32,240) |
| Dec 31, 2013 | 7.27% | = | 100 | × | 2,125) | ÷ | 29,223) |
| Dec 31, 2012 | 9.61% | = | 100 | × | 2,635) | ÷ | 27,410) |
| Dec 31, 2011 | 11.99% | = | 100 | × | 2,839) | ÷ | 23,677) |
| Dec 31, 2010 | 10.03% | = | 100 | × | 1,835) | ÷ | 18,297) |
| Dec 31, 2009 | 6.92% | = | 100 | × | 1,145) | ÷ | 16,538) |
| Dec 31, 2008 | 10.69% | = | 100 | × | 1,538) | ÷ | 14,385) |
| Dec 31, 2007 | 26.64% | = | 100 | × | 3,499) | ÷ | 13,135) |
| Dec 31, 2006 | 13.96% | = | 100 | × | 2,348) | ÷ | 16,820) |
| Dec 31, 2005 | 15.71% | = | 100 | × | 2,358) | ÷ | 15,010) |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The Return on Assets (ROA) for Halliburton Co. exhibited significant volatility between 2005 and 2018, characterized by an initial period of high efficiency, a subsequent decade of gradual decline, a severe financial contraction, and a final recovery phase.
- Early Performance and Asset Dilution (2005–2014)
- From 2005 to 2007, asset efficiency was high, peaking at an ROA of 26.64% in 2007. Between 2008 and 2014, a general downward trend in ROA was observed, despite net income remaining positive. This decline was driven by a significant expansion of the asset base, which grew from 14.4 billion USD in 2008 to 32.2 billion USD in 2014. Because asset growth outpaced net income growth during this window, the return on assets was systematically diluted, falling to 7.27% by 2013 before a brief recovery to 10.86% in 2014.
- Period of Severe Contraction (2015–2017)
- A sharp reversal in performance occurred between 2015 and 2017, with ROA shifting into negative territory. The most acute decline occurred in 2016, where ROA reached -21.34% following a net loss of 5.76 billion USD. During this period, total assets decreased from 36.9 billion USD in 2015 to 25.1 billion USD in 2017, suggesting substantial asset impairments or divestments in response to the earnings collapse.
- Return to Profitability (2018)
- A trend reversal was recorded by December 31, 2018, as net income returned to a positive value of 1.66 billion USD. This recovery resulted in a positive ROA of 6.37%, indicating a stabilization of operations and a return to positive asset utilization, although the ratio remained significantly lower than the levels observed in the early part of the analyzed period.
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Comparison to Competitors
Halliburton Co., ROA, long-term trends, comparison to competitors
| Halliburton Co. | SLB N.V. | |
|---|---|---|
| Dec 31, 2018 | 6.37% | 3.03% |
| Dec 31, 2017 | -1.85% | -2.09% |
| Dec 31, 2016 | -21.34% | -2.16% |
| Dec 31, 2015 | -1.82% | 3.05% |
| Dec 31, 2014 | 10.86% | 8.13% |
| Dec 31, 2013 | 7.27% | 10.03% |
| Dec 31, 2012 | 9.61% | 8.92% |
| Dec 31, 2011 | 11.99% | 9.05% |
| Dec 31, 2010 | 10.03% | 8.24% |
| Dec 31, 2009 | 6.92% | 9.37% |
| Dec 31, 2008 | 10.69% | 16.99% |
| Dec 31, 2007 | 26.64% | 18.58% |
| Dec 31, 2006 | 13.96% | 16.25% |
| Dec 31, 2005 | 15.71% | 12.21% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Halliburton Co., ROA, long-term trends, comparison to industry (energy)
| Halliburton Co. | Energy | |
|---|---|---|
| Dec 31, 2018 | 6.37% | 5.95% |
| Dec 31, 2017 | -1.85% | 3.55% |
| Dec 31, 2016 | -21.34% | 0.27% |
| Dec 31, 2015 | -1.82% | 2.39% |
| Dec 31, 2014 | 10.86% | 8.02% |
| Dec 31, 2013 | 7.27% | 8.90% |
| Dec 31, 2012 | 9.61% | 11.40% |
| Dec 31, 2011 | 11.99% | 11.40% |
| Dec 31, 2010 | 10.03% | 9.36% |
| Dec 31, 2009 | 6.92% | 6.46% |
| Dec 31, 2008 | 10.69% | 10.21% |
| Dec 31, 2007 | 26.64% | 12.80% |
| Dec 31, 2006 | 13.96% | 14.07% |
| Dec 31, 2005 | 15.71% | 14.36% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).