Oceaneering International Inc (OII)

Working capital 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 current assets US$ in thousands 1,387,900 1,305,660 1,297,060 1,188,000 1,170,260
Total current liabilities US$ in thousands 796,938 732,476 568,414 501,161 437,116
Working capital turnover 4.50 4.23 2.84 2.72 2.49

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,661,160K ÷ ($1,387,900K – $796,938K)
= 4.50

The working capital turnover of Oceaneering International Inc has shown a positive trend over the years, increasing from 2.49 in December 2020 to 4.50 in December 2024. This indicates that the company is becoming more efficient in utilizing its working capital to generate sales revenue. A higher working capital turnover ratio reflects that Oceaneering International Inc is effectively managing its working capital levels and efficiently converting its current assets into revenue. This trend suggests that the company's operational performance has improved, as it is generating more revenue relative to its investment in working capital. Overall, the increasing trend in working capital turnover signifies improved efficiency and effective management of working capital resources by Oceaneering International Inc.