International Seaways Inc (INSW)

Operating return on assets (Operating 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
Operating income (ttm) US$ in thousands 428,944 505,913 519,101 559,219 590,145 700,907 715,153 628,697 441,953 194,392 8,895 -87,346 -92,277 -187,235 -107,956 -20,838 43,999 187,020 170,463 97,447
Total assets US$ in thousands 2,636,400 2,587,850 2,674,670 2,551,420 2,521,820 2,561,020 2,655,660 2,571,530 2,615,330 2,459,900 2,364,240 2,366,590 2,346,780 2,441,830 1,878,650 1,552,050 1,586,540 1,712,310 1,758,960 1,740,730
Operating ROA 16.27% 19.55% 19.41% 21.92% 23.40% 27.37% 26.93% 24.45% 16.90% 7.90% 0.38% -3.69% -3.93% -7.67% -5.75% -1.34% 2.77% 10.92% 9.69% 5.60%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $428,944K ÷ $2,636,400K
= 16.27%

International Seaways Inc's operating return on assets (operating ROA) experienced fluctuations over the analyzed periods. The company's operating ROA started at 5.60% in March 2020, showing a moderate performance. Subsequently, it increased to 9.69% in June 2020 and further improved to 10.92% in September 2020, indicating efficient asset utilization.

However, the operating ROA dropped significantly to 2.77% in December 2020, hinting at potential operational challenges. The trend continued to be negative in the subsequent periods, with declining values reaching a low of -7.67% in September 2021. This suggests that International Seaways Inc may have faced difficulties in generating profits from its operational activities during these periods.

The company's performance started to recover from the negative territory in 2022, with the operating ROA turning positive at 0.38% in June. The positive momentum continued with improvements in subsequent periods, reaching a peak of 27.37% in September 2023. This indicates a commendable turnaround in asset efficiency and profitability for International Seaways Inc.

However, the operating ROA showed a slight decline towards the end of the analyzed period, dropping to 16.27% in December 2024. Overall, the fluctuations in International Seaways Inc's operating ROA reflect the company's varying ability to generate profits from its operational assets, indicating a mix of challenges and improvements in asset utilization and operational efficiency over the analyzed timeframe.