KPIs & Operating Metrics(New)
Growth Metrics

Patterson Uti Energy (PTEN) Asset Utilization Ratio (2016 - 2025)

Patterson Uti Energy's Asset Utilization Ratio history spans 16 years, with the latest figure at 0.77 for Q2 2024.

  • For Q2 2024, Asset Utilization Ratio fell 22.49% year-over-year to 0.77; the TTM value through Jun 2024 reached 0.77, down 22.49%, while the annual FY2024 figure was 0.81, 3.38% up from the prior year.
  • Asset Utilization Ratio for Q2 2024 was 0.77 at Patterson Uti Energy, up from 0.66 in the prior quarter.
  • Across five years, Asset Utilization Ratio topped out at 0.99 in Q2 2023 and bottomed at 0.28 in Q1 2021.
  • The 5-year median for Asset Utilization Ratio is 0.53 (2020), against an average of 0.55.
  • The largest annual shift saw Asset Utilization Ratio tumbled 46.64% in 2021 before it soared 174.38% in 2022.
  • A 5-year view of Asset Utilization Ratio shows it stood at 0.33 in 2020, then fell by 5.78% to 0.31 in 2021, then skyrocketed by 174.38% to 0.86 in 2022, then tumbled by 34.72% to 0.56 in 2023, then soared by 37.01% to 0.77 in 2024.
  • Per Business Quant, the three most recent readings for PTEN's Asset Utilization Ratio are 0.77 (Q2 2024), 0.66 (Q1 2024), and 0.56 (Q4 2023).