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