Oceaneering International Inc (OII)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,661,160 | 2,424,710 | 2,066,080 | 1,869,280 | 1,827,890 |
| Property, plant and equipment | US$ in thousands | 420,098 | 424,293 | 438,449 | 489,596 | 591,107 |
| Fixed asset turnover | 6.33 | 5.71 | 4.71 | 3.82 | 3.09 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,661,160K ÷ $420,098K
= 6.33
The fixed asset turnover of Oceaneering International Inc has shown a consistent upward trend over the past five years, indicating an improvement in the company's efficiency in utilizing its fixed assets to generate sales. The ratio has increased from 3.09 in December 2020 to 6.33 in December 2024, reflecting a significant enhancement in asset productivity. This increasing trend suggests that Oceaneering International Inc has effectively managed its fixed assets to generate higher revenues, which may be attributed to improved operational efficiency, effective asset utilization, and strategic capital expenditure decisions. Overall, the rising fixed asset turnover ratio signifies a positive outcome for the company, indicating improved operational performance and a more efficient use of its fixed asset base.
Peer comparison
Dec 31, 2024