Helix Energy Solutions Group Inc (HLX)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,501,000	1,530,520	1,531,930	1,515,720	1,516,710	1,481,850	1,531,790	1,592,750	1,647,470	1,669,660	1,700,060	1,707,460	1,740,500	1,705,490	1,654,700	1,649,060	1,699,590	1,679,020	1,648,400	1,629,840
ROE		-0.72%	1.32%	-0.92%	-3.36%	-5.79%	-7.86%	-7.62%	-6.32%	-3.74%	-1.88%	0.71%	1.83%	1.27%	1.53%	2.01%	2.71%	3.41%	2.15%	1.91%	1.99%

December 31, 2023 calculation

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

The return on equity (ROE) of Helix Energy Solutions Group Inc has shown fluctuating trends over the past eight quarters. In Q4 2023, the ROE was -0.72%, displaying a slight improvement from the previous quarter's ROE of 1.32%. However, the ROE remained negative, indicating that the company's net income was not generating sufficient returns for its shareholders.

Compared to the same quarter in the previous year, Q4 2022, there was a notable improvement in ROE. The company has made progress in enhancing its profitability and operational efficiency. Despite the negative ROE in recent quarters, there has been a gradual trend of improvement since Q1 2022.

Overall, the negative ROE figures suggest that Helix Energy Solutions Group Inc may be facing challenges in generating profits relative to its shareholders' equity. Investors and stakeholders may consider monitoring the company's efforts to improve its profitability and efficiency to ensure sustainable returns in the future.