International Seaways Inc (INSW)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	416,724	556,446	387,891	-134,660	-5,531
Total assets	US$ in thousands	2,636,400	2,521,820	2,615,330	2,346,780	1,586,540
ROA		15.81%	22.07%	14.83%	-5.74%	-0.35%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $416,724K ÷ $2,636,400K
= 15.81%

Based on the provided data, International Seaways Inc's return on assets (ROA) has demonstrated significant fluctuations over the past five years.

- In December 2020, the ROA was -0.35%, indicating that the company generated a negative return on its assets during that period.
- By December 2021, the ROA deteriorated further to -5.74%, suggesting a significant decline in the company's asset efficiency and profitability.
- However, there was a notable turnaround in December 2022, with the ROA improving to 14.83%, indicating a strong rebound in asset productivity and profitability.
- This positive trend continued into December 2023, with the ROA increasing to 22.07%, reflecting even higher efficiency in utilizing its assets to generate profits.
- By December 2024, the ROA slightly decreased to 15.81%, but still remained at a relatively high level compared to the earlier years.

Overall, International Seaways Inc's ROA has shown a mix of negative and positive performance levels over the five-year period, with significant improvements in asset efficiency and profitability in the most recent years. This suggests that the company has made efforts to enhance its operational effectiveness and utilize its assets more efficiently to generate returns for its stakeholders.