Helix Energy Solutions Group Inc (HLX)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	55,637	7,183	-6,771	-31,960	-10,838	20,204	-14,119	-50,918	-87,784	-116,401	-116,681	-100,691	-61,538	-31,607	11,627	30,680	21,620	25,497	32,715	44,066
Total assets	US$ in thousands	2,597,080	2,661,150	2,596,940	2,613,810	2,579,220	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
ROA		2.14%	0.27%	-0.26%	-1.22%	-0.42%	0.83%	-0.58%	-2.15%	-3.67%	-4.94%	-5.27%	-4.36%	-2.65%	-1.35%	0.48%	1.27%	0.87%	1.02%	1.32%	1.75%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $55,637K ÷ $2,597,080K
= 2.14%

The return on assets (ROA) of Helix Energy Solutions Group Inc has shown a fluctuating trend over the past years. From March 31, 2020, to December 31, 2020, the ROA decreased from 1.75% to 0.87%. Subsequently, it experienced further declines reaching a negative ROA of -5.27% by June 30, 2022.

However, there was a slight improvement in ROA by the end of December 31, 2022, where it stood at -3.67%. Over the next few quarters, the ROA fluctuated between negative and positive values, showing some volatility. By the end of December 31, 2024, the return on assets had improved significantly to 2.14%.

The fluctuating and at times, negative ROA indicates that Helix Energy Solutions Group Inc faced challenges in generating profits from its assets efficiently during some periods. It is important for the company to focus on improving its asset utilization and profitability to maintain a positive and stable return on assets in the future.