Oceaneering International Inc (OII)
Working capital 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 | ||
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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 current assets | US$ in thousands | 1,387,900 | 1,411,100 | 1,337,130 | 1,237,490 | 1,305,660 | 1,458,590 | 1,375,320 | 1,305,290 | 1,297,060 | 1,219,740 | 1,147,760 | 1,142,720 | 1,188,000 | 1,185,140 | 1,228,880 | 1,161,520 | 1,170,260 | 1,125,820 | 1,131,910 | 1,151,910 |
Total current liabilities | US$ in thousands | 796,938 | 800,143 | 776,945 | 703,378 | 732,476 | 800,474 | 615,044 | 575,228 | 568,414 | 515,725 | 472,739 | 465,435 | 501,161 | 451,246 | 479,523 | 416,743 | 437,116 | 431,175 | 452,444 | 485,733 |
Working capital turnover | 4.50 | 4.26 | 4.57 | 4.66 | 4.23 | 3.50 | 2.93 | 2.95 | 2.84 | 2.84 | 2.82 | 2.77 | 2.72 | 2.49 | 2.40 | 2.32 | 2.49 | 2.83 | 2.98 | 3.14 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,661,161K ÷ ($1,387,900K – $796,938K)
= 4.50
The working capital turnover of Oceaneering International Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024.
The working capital turnover ratio indicates how efficiently the company is using its working capital to generate sales. A higher turnover ratio generally indicates that the company is effectively utilizing its working capital to generate revenue.
Oceaneering International Inc's working capital turnover decreased from 3.14 on March 31, 2020, to 2.49 on December 31, 2020. This suggests a potential decrease in the company's ability to efficiently convert working capital into sales during this period.
Subsequently, the working capital turnover ratio improved gradually from 2.49 on December 31, 2020, to 4.50 on December 31, 2024. This upward trend indicates that the company has been able to enhance its efficiency in utilizing working capital to generate revenue over the years.
The working capital turnover ratio peaking at 4.66 on March 31, 2024, before slightly decreasing to 4.57 on June 30, 2024, and further to 4.26 on September 30, 2024, can be a sign of short-term fluctuations in the company's working capital management.
Overall, the trend in Oceaneering International Inc's working capital turnover ratio shows both improvement and variability, suggesting a mix of effective working capital management and potential areas for further optimization.
Peer comparison
Dec 31, 2024