Precision Drilling ROA 2024

Precision Drilling Aktienanalyse

What does Precision Drilling do?

Precision Drilling Corp is a leading company in the oil and gas drilling equipment and services sector, based in Calgary, Canada. The company has a long history dating back to 1951 when founder Hank Swartout established Precision Drilling Co Ltd. Since then, the company has expanded its operations in Canada and the USA and is now a major player in the global market for oil and gas exploration and production. Precision Drilling Corp's business model is based on providing drilling equipment and services to oil and gas exploration and production companies. The company operates a wide range of activities, including drilling oil and gas wells, supplying drilling equipment and services, renting equipment, and conducting maintenance and repair work on drilling equipment. The company has several business segments, including drilling equipment, drilling services, and equipment rental. The drilling equipment segment includes a variety of products such as drilling rigs, drilling machines, drill collars, drilling tools, and other accessories. The drilling services department includes various types of drilling, including conventional land and offshore drilling, horizontal and directional drilling, as well as deep and ultra-deep drilling. Precision Drilling Corp also provides equipment rental services for the oil and gas industry. This allows customers to rent state-of-the-art equipment flexibly without long lead times and high investment costs. The company also maintains a workshop where customer equipment is serviced, repaired, and regularly overhauled. An important aspect of Precision Drilling Corp's business model is its commitment to sustainability and environmental protection. In recent years, the company has made significant investments in the development of technologies aimed at reducing the environmental impact of oil and gas drilling and production. This includes technologies to reduce methane emissions, reuse water, and use renewable energy to power drilling equipment. Precision Drilling Corp is also a pioneer in the use of automation technology for drilling equipment. This allows the company to perform safer, more efficient, and cost-effective drilling operations with less human labor required. Furthermore, automation technology has the potential to increase worker safety as it replaces hazardous manual labor processes. Overall, Precision Drilling Corp is a significant player in the global market for oil and gas exploration and production. The company has earned an excellent reputation through its dedicated commitment to sustainability and environmental protection, pioneering work in the adoption of automation technology, and focus on customer satisfaction. As the demand for oil and gas continues to grow, Precision Drilling Corp will play a crucial role in meeting this demand while ensuring it is done in a sustainable and environmentally friendly manner. Please, provide feedback for the translation. Precision Drilling ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Precision Drilling's Return on Assets (ROA)

Precision Drilling's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Precision Drilling's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Precision Drilling's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Precision Drilling’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Precision Drilling stock

What is the Return on Assets (ROA) of Precision Drilling this year?

The Return on Assets (ROA) of Precision Drilling is 0.1 undefined this year.

What was the ROA of Precision Drilling compared to the previous year?

The ROA of Precision Drilling has increased by -903.52% compared to the previous year.

What consequences do high ROA have for investors of Precision Drilling?

A high ROA is advantageous for investors of Precision Drilling, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Precision Drilling?

A low ROA can be unfavorable for investors of Precision Drilling as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Precision Drilling affect the company?

An increase in ROA of Precision Drilling can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Precision Drilling impact the company?

A reduction in the ROA of Precision Drilling can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Precision Drilling?

Some factors that can influence the ROA of Precision Drilling include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Precision Drilling important for investors?

The ROA of Precision Drilling is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Precision Drilling take to improve ROA?

To improve ROA, Precision Drilling can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

How much dividend does Precision Drilling pay?

Over the past 12 months, Precision Drilling paid a dividend of 5.6 CAD . This corresponds to a dividend yield of about 6.76 %. For the coming 12 months, Precision Drilling is expected to pay a dividend of 0 CAD.

What is the dividend yield of Precision Drilling?

The current dividend yield of Precision Drilling is 6.76 %.

When does Precision Drilling pay dividends?

Precision Drilling pays a quarterly dividend. This is distributed in the months of March, June, September, December.

How secure is the dividend of Precision Drilling?

Precision Drilling paid dividends every year for the past 5 years.

What is the dividend of Precision Drilling?

For the upcoming 12 months, dividends amounting to 0 CAD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Precision Drilling located?

Precision Drilling is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Precision Drilling kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Precision Drilling from 11/18/2015 amounting to 0.07 CAD, you needed to have the stock in your portfolio before the ex-date on 11/4/2015.

When did Precision Drilling pay the last dividend?

The last dividend was paid out on 11/18/2015.

What was the dividend of Precision Drilling in the year 2023?

In the year 2023, Precision Drilling distributed 0 CAD as dividends.

In which currency does Precision Drilling pay out the dividend?

The dividends of Precision Drilling are distributed in CAD.