Helix Energy Solutions Group Inc (HLX)

Return on assets (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
Net income (ttm)	US$ in thousands	-10,838	20,204	-14,119	-50,918	-87,784	-116,401	-116,681	-100,691	-61,538	-31,467	12,075	31,234	22,174	26,063	33,259	44,663	57,919	36,120	31,546	32,476
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
ROA		-0.42%	0.83%	-0.58%	-2.15%	-3.67%	-4.94%	-5.27%	-4.36%	-2.65%	-1.34%	0.50%	1.29%	0.89%	1.04%	1.34%	1.78%	2.23%	1.38%	1.20%	1.25%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-10,838K ÷ $2,556,040K
= -0.42%

Helix Energy Solutions Group Inc's return on assets (ROA) has exhibited fluctuating performance over the past eight quarters. The ROA ranged from -5.27% in Q2 2022 to 0.83% in Q3 2023. The negative ROA values, particularly in Q1 2022 and Q4 2022, indicate that the company's assets were not generating sufficient earnings during those periods. However, there was a notable improvement in Q3 2023 when the ROA turned positive at 0.83%.

Overall, the ROA trend suggests that Helix Energy Solutions Group Inc's asset utilization and profitability have been inconsistent. Investors and stakeholders may want to closely monitor the company's future financial performance to assess its ability to generate returns from its assets effectively.