Oceaneering International Inc (OII)

Total 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
Total assets	US$ in thousands	2,336,350	2,239,010	2,031,680	1,962,860	2,045,840
Total asset turnover		1.14	1.08	1.02	0.95	0.89

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,661,160K ÷ $2,336,350K
= 1.14

The total asset turnover ratio for Oceaneering International Inc has shown a positive trend over the past five years, increasing steadily from 0.89 in December 31, 2020, to 1.14 in December 31, 2024. This indicates that the company is generating more revenue per dollar of assets invested, reflecting improved efficiency in utilizing its assets to generate sales. A higher total asset turnover ratio suggests that the company is managing its assets more effectively to drive sales growth. Overall, the increasing trend in the total asset turnover ratio demonstrates Oceaneering International Inc's ability to optimize its asset utilization and generate higher sales relative to its asset base over the years.