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Superior Drilling Products Stock

Superior Drilling Products ROA 2024

Superior Drilling Products ROA

0.28

Ticker

SDPI

ISIN

US8681531070

WKN

A12E4E

In 2024, Superior Drilling Products's return on assets (ROA) was 0.28, a 354.46% increase from the 0.06 ROA in the previous year.

Superior Drilling Products Aktienanalyse

What does Superior Drilling Products do?

Superior Drilling Products Inc is a company based in Utah, USA and has been listed on the NASDAQ Stock Exchange since 2014. The company is involved in the development, production, and distribution of drilling products, specifically drill head seals, used in the oil and gas industry, as well as the geothermal and monument industries. The company was founded in 1999 as Diamond Drill Bit Industries, Inc. by its current CEO, Troy Meier. Meier, a former wellbore modeler, utilized his expertise to create diesel-powered drill heads as the driving force behind the seals. This allowed retailers, production companies, and drilling companies to quickly and cost-effectively order the seals, laying the foundation for the company's later success. A year later, Meier decided to rename the company Superior Drilling Products to focus on the sale of drill head seals. Since then, the company has expanded its offerings and specializes in a wide range of products aimed at improving drilling performance and efficiency. Superior Drilling Products has developed a patented drill head sealing system that is suitable for all common wellbore diameters. With a focus on improving drilling performance, the products seek to maximize the potential for clean and effective drilling by reducing frictional forces between the drill head and the wellbore. The company's product range is divided into three segments: drill head seals, tools for completion and drilling, and reservoir-based drilling. The company offers drill head seals for every wellbore size and is known in the industry for its technically superior seals. These seals feature a special rubber compound for increased durability and longevity, resulting in lower maintenance costs for drilling equipment. The tools for completion and drilling are suitable for deep drilling in oil, gas, geothermal, and water supply wells, as well as construction and mining applications. The product range includes mills, cutting and reaming tools, cutting frames, and specialized drill bits tailored to the customer's specific requirements. Reservoir-based drilling was introduced in 2018 and is designed to shorten drilling time and reduce overall operating expenses. The system uses a unique drill-based pattern to control the wellbore, keeping it straight and minimizing deviations. It helps utilize gathered data to improve future drilling and increase long-term efficiency. In addition to selling its innovative products, Superior Drilling Products provides technology and consulting services to support its customers in increasing the efficiency of their drilling equipment and processes. This has helped establish the company as a key player in the field of drilling technology. Overall, Superior Drilling Products has experienced strong growth in recent years and expanded its presence in the international market. The company values research and development and has a strong presence in technology and innovation. With an experienced management team and a wide range of drilling products, Superior Drilling Products is well-positioned to continue offering reliable solutions to its customers' drilling needs. Superior Drilling Products ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Superior Drilling Products's Return on Assets (ROA)

Superior Drilling Products'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 Superior Drilling Products'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 Superior Drilling Products'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 Superior Drilling Products’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 Superior Drilling Products stock

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

The Return on Assets (ROA) of Superior Drilling Products is 0.28 undefined this year.

What was the ROA of Superior Drilling Products compared to the previous year?

The ROA of Superior Drilling Products has increased by 354.46% compared to the previous year.

What consequences do high ROA have for investors of Superior Drilling Products?

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

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

A low ROA can be unfavorable for investors of Superior Drilling Products 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 Superior Drilling Products affect the company?

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

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

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

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

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

Why is the ROA of Superior Drilling Products important for investors?

The ROA of Superior Drilling Products 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 Superior Drilling Products take to improve ROA?

To improve ROA, Superior Drilling Products 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 Superior Drilling Products pay?

Over the past 12 months, Superior Drilling Products paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Superior Drilling Products is expected to pay a dividend of 0 USD.

What is the dividend yield of Superior Drilling Products?

The current dividend yield of Superior Drilling Products is .

When does Superior Drilling Products pay dividends?

Superior Drilling Products pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Superior Drilling Products?

Superior Drilling Products paid dividends every year for the past 0 years.

What is the dividend of Superior Drilling Products?

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

In which sector is Superior Drilling Products located?

Superior Drilling Products is assigned to the 'Energy' sector.

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

To receive the latest dividend of Superior Drilling Products from 9/9/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 9/9/2024.

When did Superior Drilling Products pay the last dividend?

The last dividend was paid out on 9/9/2024.

What was the dividend of Superior Drilling Products in the year 2023?

In the year 2023, Superior Drilling Products distributed 0 USD as dividends.

In which currency does Superior Drilling Products pay out the dividend?

The dividends of Superior Drilling Products are distributed in USD.

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Andere Kennzahlen von Superior Drilling Products

Our stock analysis for Superior Drilling Products Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Superior Drilling Products Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.