Helix Energy Solutions Group Inc (HLX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 127,435 | 105,929 | -26,137 | -48,056 | -107,234 |
| Total assets | US$ in thousands | 2,597,080 | 2,556,040 | 2,389,340 | 2,326,030 | 2,498,280 |
| Operating ROA | 4.91% | 4.14% | -1.09% | -2.07% | -4.29% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $127,435K ÷ $2,597,080K
= 4.91%
Helix Energy Solutions Group Inc's operating return on assets (operating ROA) has shown a fluctuating trend over the past five years. At the end of 2020, the operating ROA was at a negative 4.29%, indicating that the company was not efficiently utilizing its assets to generate operating profits. However, there has been improvement in the following years, with the operating ROA increasing to negative 2.07% by the end of 2021 and further to negative 1.09% by the end of 2022.
The positive turn came in 2023, with the operating ROA jumping to 4.14%, signifying that the company significantly improved its operating profitability relative to its asset base. This positive momentum continued into 2024, with the operating ROA further increasing to 4.91%, demonstrating a continued ability to generate more operating income from its assets.
Overall, the trend indicates that Helix Energy Solutions Group Inc has made strides in enhancing its operational efficiency and profitability in recent years, as evidenced by the steady improvement in its operating ROA from negative figures to positive figures, suggesting better utilization of assets to drive operating earnings.
Peer comparison
Dec 31, 2024