Helix Energy Solutions Group Inc (HLX)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 15.53% | 5.80% | 2.28% | 10.89% | 18.33% |
| Operating profit margin | 4.92% | -5.14% | -7.22% | 1.78% | 9.04% |
| Pretax margin | 0.58% | -8.61% | -10.45% | 0.47% | 8.75% |
| Net profit margin | -0.84% | -10.05% | -9.12% | 3.02% | 7.70% |
The profitability ratios of Helix Energy Solutions Group Inc have displayed significant fluctuations over the past five years.
Starting with the gross profit margin, there was a notable improvement from 2019 to 2020, followed by a decline in 2021 and a significant increase in 2022 and 2023. This suggests that the company has been able to effectively manage its cost of goods sold and generate higher profits from its revenue in the last two years.
Moving on to the operating profit margin, the company showed negative margins in 2020 and 2021, indicating that its operating expenses exceeded its gross profit during those periods. However, there was a sharp turnaround in 2022 and 2023, with positive margins indicating that the company was able to control its operating costs more effectively and generate operating profits.
The pretax margin also reflects a similar trend, with negative margins in 2020 and 2021, followed by positive margins in 2022 and 2023. This signals that the company has been able to manage its expenses better and improve its profitability before accounting for taxes.
Finally, the net profit margin shows a significant improvement from negative margins in 2020 and 2021 to positive margins in 2022 and 2023. This indicates that not only has the company been able to control its operating and pretax expenses, but it has also improved its bottom line profitability after accounting for all expenses, including taxes.
In conclusion, the recent improvements in profitability ratios for Helix Energy Solutions Group Inc suggest that the company has made significant efforts to enhance operational efficiency and profitability in the last two years. However, continued monitoring of these ratios will be essential to ensure sustainable profitability in the future.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 2.48% | -1.88% | -2.09% | 0.52% | 2.62% |
| Return on assets (ROA) | -0.42% | -3.67% | -2.65% | 0.89% | 2.23% |
| Return on total capital | 1.59% | -3.16% | -2.46% | 1.70% | 4.83% |
| Return on equity (ROE) | -0.72% | -5.79% | -3.74% | 1.27% | 3.41% |
Over the past five years, Helix Energy Solutions Group Inc has experienced fluctuations in its profitability ratios.
1. Operating return on assets (Operating ROA) has shown improvement, with a positive trend from -2.07% in 2021 to 4.14% in 2023. This indicates that the company is generating operating income efficiently relative to its total assets.
2. Return on assets (ROA) has been negative in recent years, with a slight improvement from -3.67% in 2022 to -0.42% in 2023, suggesting that the company is not effectively utilizing its assets to generate profits.
3. Return on total capital has fluctuated, with the highest being 5.81% in 2023 and the lowest at -2.31% in 2021. This ratio shows how well the company is generating returns from all capital invested in its operations.
4. Return on equity (ROE) has also varied, with negative values recorded in recent years, the lowest at -5.79% in 2022, and a slight improvement to -0.72% in 2023. This indicates that the company's profitability in relation to shareholders' equity has been mixed.
Overall, while there have been some improvements in certain profitability ratios, such as Operating ROA and ROE, Helix Energy Solutions Group Inc still faces challenges in generating profits consistently across all ratios. The company may need to focus on efficiency in asset utilization and effective capital management to enhance its overall profitability in the future.