Helix Energy Solutions Group Inc (HLX)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 63,510 | -44,855 | -48,687 | 13,025 | 67,997 |
| Total assets | US$ in thousands | 2,556,040 | 2,389,340 | 2,326,030 | 2,498,280 | 2,596,730 |
| Operating ROA | 2.48% | -1.88% | -2.09% | 0.52% | 2.62% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $63,510K ÷ $2,556,040K
= 2.48%
Operating return on assets (operating ROA) measures a company's operating profitability relative to its total assets. Helix Energy Solutions Group Inc's operating ROA has fluctuated over the past five years. In 2023, the operating ROA improved to 4.14%, indicating that the company generated $0.0414 in operating income for every $1 of total assets. This improvement from negative figures in 2022 and 2021 suggests a stronger operating performance in 2023. However, the operating ROA remains below the levels of 2019 and 2020, when it was 2.62% and 0.75% respectively. Overall, Helix Energy Solutions Group Inc's operating ROA trend warrants continued monitoring to assess its operational efficiency and asset utilization in driving profitability.
Peer comparison
Dec 31, 2023