International Seaways Inc (INSW)

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	416,724	513,015	519,264	528,303	556,446	642,761	658,251	573,525	387,891	135,470	-45,309	-134,345	-134,709	-217,606	-136,273	-52,001	-5,617	127,163	102,087	21,292
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
ROA		15.81%	19.82%	19.41%	20.71%	22.07%	25.10%	24.79%	22.30%	14.83%	5.51%	-1.92%	-5.68%	-5.74%	-8.91%	-7.25%	-3.35%	-0.35%	7.43%	5.80%	1.22%

December 31, 2024 calculation

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

International Seaways Inc's return on assets (ROA) has fluctuated significantly over the past few years. The ROA for the company started at a low point of -0.35% as of December 31, 2020, indicating that the company's assets were not generating a positive return during that period. Subsequently, the ROA continued to decline, reaching -8.91% as of September 30, 2021, suggesting a worsening performance in utilizing assets to generate profits.

However, there was a notable turnaround in the company's ROA performance beginning in March 31, 2022, with a positive return of 5.51%. This positive trend continued to strengthen, with ROA improving to 25.10% as of September 30, 2023, indicating that the company was efficiently utilizing its assets to generate substantial returns.

The ROA peaked at 25.10% as of September 30, 2023, and remained relatively high in subsequent quarters, with values ranging from 15.81% as of December 31, 2024. This indicates a relatively strong performance in terms of generating profits from the company's assets during these periods.

Overall, the improvement in ROA from negative values to positive double-digit percentages over the years demonstrates International Seaways Inc's ability to enhance its asset utilization efficiency and generate considerable returns for its investors.