Oceaneering International Inc (OII)

Total 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
Total assets	US$ in thousands	2,336,350	2,356,490	2,304,870	2,228,880	2,239,010	2,312,450	2,164,870	2,042,480	2,031,680	1,922,830	1,872,420	1,902,000	1,962,860	1,981,970	2,061,550	2,003,520	2,045,840	2,037,700	2,128,780	2,165,100
Total asset turnover		1.14	1.10	1.11	1.12	1.08	1.00	1.03	1.06	1.02	1.04	1.02	0.99	0.95	0.92	0.87	0.86	0.89	0.96	0.95	0.97

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,661,161K ÷ $2,336,350K
= 1.14

The total asset turnover of Oceaneering International Inc has exhibited fluctuations over the reported periods. The ratio measures how efficiently the company generates revenue from its assets.

From March 31, 2020, to December 31, 2020, the total asset turnover decreased from 0.97 to 0.89, indicating a decline in the company's ability to utilize its assets effectively to generate sales.

Subsequently, from March 31, 2021, to September 30, 2022, the total asset turnover fluctuated between 0.86 and 1.04, suggesting varying levels of efficiency in asset utilization during this period.

From December 31, 2022, to December 31, 2024, the total asset turnover showed a generally increasing trend, reaching 1.14 by the end of December 2024. This indicates an improvement in the company's efficiency in generating revenue from its assets over this period.

Overall, the trend in total asset turnover reflects Oceaneering International Inc's capacity to leverage its assets to drive sales, with the ratio improving in recent periods, signaling enhanced operational efficiency and effectiveness in utilizing its asset base.