Helix Energy Solutions Group Inc (HLX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 55,637 | -10,838 | -87,784 | -61,684 | 22,174 |
| Total assets | US$ in thousands | 2,597,080 | 2,556,040 | 2,389,340 | 2,326,030 | 2,498,280 |
| ROA | 2.14% | -0.42% | -3.67% | -2.65% | 0.89% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $55,637K ÷ $2,597,080K
= 2.14%
Based on the provided data, the return on assets (ROA) of Helix Energy Solutions Group Inc has shown variability over the past five years. In 2020, the ROA was at a modest level of 0.89%, indicating that the company generated a positive return on its assets relative to its total assets.
However, in the subsequent years, the ROA experienced a significant decline, turning negative in 2021, 2022, and 2023, at -2.65%, -3.67%, and -0.42% respectively. This negative trend suggests that the company may have faced challenges in efficiently utilizing its assets to generate profits during these years.
Nevertheless, there was a notable improvement in the company's ROA in 2024, reaching 2.14%. This uptick indicates that the company was able to enhance its asset utilization efficiency, resulting in a positive return on its assets for that particular year.
In summary, the fluctuation in Helix Energy Solutions Group Inc's ROA over the period reflects varying levels of asset efficiency and profitability. It is essential for investors and stakeholders to closely monitor the company's asset management strategies to ensure sustainable and improved returns in the future.
Peer comparison
Dec 31, 2024