Helix Energy Solutions Group Inc (HLX)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,501,000	1,516,710	1,647,470	1,740,500	1,699,590
ROE		-0.72%	-5.79%	-3.74%	1.27%	3.41%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $-10,838K ÷ $1,501,000K
= -0.72%

The return on equity (ROE) of Helix Energy Solutions Group Inc has been on a declining trend over the past five years. The ROE was 3.37% in 2019, but subsequently decreased to 1.13% in 2020, -3.75% in 2021, -5.79% in 2022, and further declined to -0.72% by the end of 2023. This indicates that the company's ability to generate profits from shareholders' equity has weakened over the years. The negative ROE figures in the last three years suggest that the company's net income is not sufficient to cover the shareholders' equity, which raises concerns about the company's financial health and operational performance. It is crucial for investors and stakeholders to closely monitor Helix Energy Solutions Group Inc's financial management and operational strategies to understand and address the factors contributing to the declining ROE.