Helix Energy Solutions Group Inc (HLX)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	63,510	43,002	19,000	-20,181	-44,855	-66,587	-89,144	-81,109	-48,687	-20,984	8,362	33,497	13,025	17,840	37,823	46,701	67,997	58,849	51,228	52,928
Total assets	US$ in thousands	2,556,040	2,434,750	2,423,840	2,369,330	2,389,340	2,355,500	2,213,650	2,307,370	2,326,030	2,347,300	2,417,710	2,421,750	2,498,280	2,505,470	2,484,670	2,514,150	2,596,730	2,613,510	2,620,220	2,607,320
Operating ROA		2.48%	1.77%	0.78%	-0.85%	-1.88%	-2.83%	-4.03%	-3.52%	-2.09%	-0.89%	0.35%	1.38%	0.52%	0.71%	1.52%	1.86%	2.62%	2.25%	1.96%	2.03%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $63,510K ÷ $2,556,040K
= 2.48%

Helix Energy Solutions Group Inc's operating return on assets (operating ROA) has demonstrated fluctuating trends over the past eight quarters. The operating ROA improved gradually from Q1 2022 to Q4 2023, indicating a positive trajectory in the company's ability to generate operating profits relative to its assets. The increase from -4.03% in Q2 2022 to 4.14% in Q4 2023 reflects a significant turnaround in the company's operational efficiency and profitability. However, the relatively low operating ROA in Q1 and Q2 2023 suggests that further analysis may be required to understand the factors influencing these fluctuations. Overall, the improving trend in the operating ROA signal a positive outlook for Helix Energy Solutions Group Inc's operational performance and financial health.