Pason Systems Inc.

Toronto Stock Exchange PSI.TO

Pason Systems Inc. Return on Equity (ROE) for the year ending December 31, 2023: 23.90%

Pason Systems Inc. Return on Equity (ROE) is 23.90% for the year ending December 31, 2023, a -14.16% change year over year. Return on equity measures profit against shareholder equity; higher ROE indicates superior profitability and value creation.

Pason Systems Inc. Return on Equity (ROE) for the year ending December 31, 2022 was 27.85%, a 156.26% change year over year.
Pason Systems Inc. Return on Equity (ROE) for the year ending December 31, 2021 was 10.87%, a 408.00% change year over year.
Pason Systems Inc. Return on Equity (ROE) for the year ending December 31, 2020 was 2.14%, a -86.29% change year over year.
Pason Systems Inc. Return on Equity (ROE) for the year ending December 31, 2019 was 15.60%, a -4.30% change year over year.

Key data

Date	Return on Equity (ROE)	Return on Capital Employed (ROCE)	Interest Coverage Ratio	Debt to Equity Ratio

Toronto Stock Exchange: PSI.TO

Pason Systems Inc.

CEO	Mr. Jon Faber C.F.A., CPA, CBV
IPO Date	Jan. 23, 1998
Location	Canada
Headquarters	6130 Third Street SE
Employees	678
Sector	Energy
Industries Drilling Fracking Gas Offshore Drilling Oil & Gas Oil Sands Petrochemicals Pipeline Transport

Description

Pason Systems Inc., an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally. The company offers Electronic Drilling Recorder, which monitors and records drilling operations around the rig; DataHub for storing data and information collected from the rig for on-demand retrieval; DataLink service provides direct connection interfaces for IT systems and analytics tools; Pason Live for monitoring rig operations in real-time using desktop computers or mobile devices; and daily and end-of-well KPI reports provide visual statistics on rig performance. It also provides Drilling intelligence to suggest drilling parameters, detect disfunction, and send event alerts to onsite personnel and remote engineers in real time; and Drilling automation, a reality across rig platforms. In addition, the company offers Pason Gas Analyzer for real-time gas measurement; a robust system of alarms and sensors to monitor ambient gasses in the atmosphere and in the drilling fluids; and Pason Pit Volume Totalizer to track the volumes, gains, and losses of drilling fluids on location. Further, it provides field support, monitoring, drilling optimization, and office support for data integration. The company serves E&P operators, drilling contractors, and other oilfield service companies. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada.

Key trends

Past 5 years