Helix Energy Solutions Group Inc (HLX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -10,838 | -87,784 | -61,538 | 22,174 | 57,919 |
| Total assets | US$ in thousands | 2,556,040 | 2,389,340 | 2,326,030 | 2,498,280 | 2,596,730 |
| ROA | -0.42% | -3.67% | -2.65% | 0.89% | 2.23% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-10,838K ÷ $2,556,040K
= -0.42%
Helix Energy Solutions Group Inc's return on assets (ROA) has experienced a declining trend over the past five years. The ROA was positive in 2019 at 2.21%, indicating that the company was able to generate a profit from its assets. However, this trend reversed in the following years, with negative ROA figures recorded in subsequent years, culminating in -0.42% as of December 31, 2023.
A negative ROA suggests that the company is not effectively utilizing its assets to generate profits. The significant decrease in ROA from 2019 to 2020 indicates a potential decline in profitability or efficiency in asset utilization.
It is important for Helix Energy Solutions Group Inc to assess and address the factors contributing to the declining ROA in order to improve overall financial performance and efficiency in utilizing its assets in generating returns for shareholders.
Peer comparison
Dec 31, 2023