Oceaneering International Inc (OII)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	2,661,161	2,602,340	2,557,709	2,486,811	2,424,706	2,306,300	2,230,791	2,156,912	2,066,084	1,996,570	1,903,713	1,877,881	1,869,275	1,826,828	1,799,757	1,728,774	1,827,889	1,964,437	2,022,341	2,090,906
Property, plant and equipment	US$ in thousands	420,098	423,579	416,490	422,089	424,293	421,820	426,054	427,370	438,449	434,586	455,304	480,259	489,596	510,728	537,909	561,650	591,107	609,426	647,864	671,828
Fixed asset turnover		6.33	6.14	6.14	5.89	5.71	5.47	5.24	5.05	4.71	4.59	4.18	3.91	3.82	3.58	3.35	3.08	3.09	3.22	3.12	3.11

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,661,161K ÷ $420,098K
= 6.33

Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investments in fixed assets. The ratio is calculated by dividing net sales by average fixed assets. For Oceaneering International Inc, the fixed asset turnover has shown a generally increasing trend from 3.11 in March 2020 to 6.33 in December 2024.

The company's fixed asset turnover has consistently improved over the years, indicating that Oceaneering has been effective in utilizing its fixed assets to generate sales revenue. This upward trend suggests that the company has been able to efficiently manage and leverage its fixed assets to drive revenue growth and optimize its operational performance.

A higher fixed asset turnover ratio signifies that the company is generating more revenue per dollar invested in fixed assets. Oceaneering's steady increase in fixed asset turnover reflects its ability to efficiently utilize its resources and maximize the returns on its investments in fixed assets.

Overall, the improving trend in Oceaneering International Inc's fixed asset turnover ratio indicates a positive operational performance and efficient asset management, which is a favorable indicator for investors and stakeholders assessing the company's financial health and operational efficiency.