Helmerich And Payne Stock Return On Asset
| HP Stock | USD 36.06 1.63 4.73% |
Helmerich and Payne fundamentals help investors to digest information that contributes to Helmerich's financial success or failures. It also enables traders to predict the movement of Helmerich Stock. The fundamental analysis module provides a way to measure Helmerich's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Helmerich stock.
As of 11/25/2024, Return On Assets is likely to drop to 0.06. Helmerich | Return On Asset |
Helmerich and Payne Company Return On Asset Analysis
Helmerich's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Helmerich Return On Asset | 0.054 |
Most of Helmerich's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Helmerich and Payne is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Helmerich Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Helmerich is extremely important. It helps to project a fair market value of Helmerich Stock properly, considering its historical fundamentals such as Return On Asset. Since Helmerich's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Helmerich's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Helmerich's interrelated accounts and indicators.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Helmerich Total Assets
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Based on the latest financial disclosure, Helmerich and Payne has a Return On Asset of 0.054. This is 35.0% higher than that of the Energy Equipment & Services sector and 102.87% lower than that of the Energy industry. The return on asset for all United States stocks is 138.57% lower than that of the firm.
Helmerich Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Helmerich's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Helmerich could also be used in its relative valuation, which is a method of valuing Helmerich by comparing valuation metrics of similar companies.Helmerich is currently under evaluation in return on asset category among its peers.
Helmerich ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Helmerich's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Helmerich's managers, analysts, and investors.Environmental | Governance | Social |
Helmerich Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.054 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 4.91 B | ||||
| Shares Outstanding | 98.76 M | ||||
| Shares Owned By Insiders | 3.35 % | ||||
| Shares Owned By Institutions | 96.65 % | ||||
| Number Of Shares Shorted | 11.79 M | ||||
| Price To Book | 1.22 X | ||||
| Price To Sales | 1.29 X | ||||
| Revenue | 2.76 B | ||||
| Gross Profit | 1.16 B | ||||
| EBITDA | 849.27 M | ||||
| Net Income | 344.17 M | ||||
| Cash And Equivalents | 257.17 M | ||||
| Cash Per Share | 3.32 X | ||||
| Total Debt | 1.86 B | ||||
| Debt To Equity | 0.20 % | ||||
| Current Ratio | 2.36 X | ||||
| Book Value Per Share | 29.54 X | ||||
| Cash Flow From Operations | 684.66 M | ||||
| Short Ratio | 8.11 X | ||||
| Earnings Per Share | 3.43 X | ||||
| Price To Earnings To Growth | 7.45 X | ||||
| Target Price | 41.0 | ||||
| Beta | 1.39 | ||||
| Market Capitalization | 3.56 B | ||||
| Total Asset | 5.78 B | ||||
| Retained Earnings | 2.88 B | ||||
| Working Capital | 587.69 M | ||||
| Current Asset | 1.57 B | ||||
| Current Liabilities | 330.12 M | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 6.14 % | ||||
| Net Asset | 5.78 B |
About Helmerich Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Helmerich and Payne's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Helmerich using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Helmerich and Payne based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Helmerich
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Helmerich position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Helmerich will appreciate offsetting losses from the drop in the long position's value.Moving together with Helmerich Stock
Moving against Helmerich Stock
| 0.54 | EC | Ecopetrol SA ADR | PairCorr |
| 0.48 | BORR | Borr Drilling | PairCorr |
| 0.37 | ICDI | Independence Contract | PairCorr |
| 0.37 | DINO | HF Sinclair Corp | PairCorr |
| 0.34 | BP | BP PLC ADR | PairCorr |
The ability to find closely correlated positions to Helmerich could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helmerich when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Helmerich - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Helmerich and Payne to buy it.
The correlation of Helmerich is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Helmerich moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helmerich and Payne moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Helmerich can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Helmerich Stock Analysis
When running Helmerich's price analysis, check to measure Helmerich's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Helmerich is operating at the current time. Most of Helmerich's value examination focuses on studying past and present price action to predict the probability of Helmerich's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helmerich's price. Additionally, you may evaluate how the addition of Helmerich to your portfolios can decrease your overall portfolio volatility.