Return on Assets (ROA)
since 2005
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National Oilwell Varco Inc. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Total Asset Turnover since 2005
- Analysis of Revenues
- Aggregate Accruals
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Calculation
National Oilwell Varco Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to Company1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2015 | = | 100 | × | ÷ | |||
| Dec 31, 2014 | = | 100 | × | ÷ | |||
| Dec 31, 2013 | = | 100 | × | ÷ | |||
| Dec 31, 2012 | = | 100 | × | ÷ | |||
| Dec 31, 2011 | = | 100 | × | ÷ | |||
| Dec 31, 2010 | = | 100 | × | ÷ | |||
| Dec 31, 2009 | = | 100 | × | ÷ | |||
| Dec 31, 2008 | = | 100 | × | ÷ | |||
| Dec 31, 2007 | = | 100 | × | ÷ | |||
| Dec 31, 2006 | = | 100 | × | ÷ | |||
| Dec 31, 2005 | = | 100 | × | ÷ |
Based on: 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
- Net income (loss) attributable to Company
- The net income demonstrated a significant upward trend from 2005 to 2014, increasing from $287 million to a peak of $2,502 million. This consistent growth reflects improved profitability and operational performance throughout the period. However, in 2015, there was a notable reversal with a loss of $769 million, indicating a substantial decline in earnings which may be attributed to external or internal challenges faced by the company during that year.
- Total assets
- Total assets increased steadily from $6,679 million in 2005 to a peak of $34,812 million in 2013, reflecting expansion and investment in the asset base over the years. Following 2013, there was a decline to $26,725 million by 2015, suggesting potential divestitures, asset impairments, or decreased capital expenditures. The growth phase indicates strategic asset accumulation, but the subsequent reduction might signal a restructuring or response to changing market conditions.
- Return on Assets (ROA)
- The ROA improved from 4.3% in 2005 to a high of 11.04% in 2007, indicating increasing efficiency in utilizing the asset base to generate profits. After a peak, ROA experienced fluctuations, generally maintaining between approximately 6.7% and 7.9% from 2008 through 2014. In 2015, ROA dropped sharply to -2.88%, aligning with the net loss and reduced assets, and indicating a significant deterioration in asset profitability and operational performance during that year.
- Overall Trends and Insights
- Over the analyzed period, the company demonstrated strong financial growth with increasing net income and asset base coupled with improving returns on assets, signifying enhanced operational efficiency and investment success. However, the year 2015 marked a pronounced downturn characterized by a net loss, reduction in asset levels, and negative ROA, which collectively suggest an adverse shift in company performance. This could be indicative of market adversities, operational challenges, or other significant events affecting financial results and asset utilization efficiency.
Comparison to Competitors
National Oilwell Varco Inc., ROA, long-term trends, comparison to competitors
| National Oilwell Varco Inc. | Schlumberger Ltd. | |
|---|---|---|
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 31, 2007 | ||
| Dec 31, 2006 | ||
| Dec 31, 2005 |
Based on: 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)
National Oilwell Varco Inc., ROA, long-term trends, comparison to industry (energy)
| National Oilwell Varco Inc. | Energy | |
|---|---|---|
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 31, 2007 | ||
| Dec 31, 2006 | ||
| Dec 31, 2005 |
Based on: 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).