Oceaneering International Inc (OII)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 16.45% | 14.88% | 14.13% | 8.97% | 4.80% |
| Operating profit margin | 7.48% | 5.37% | 2.13% | -24.40% | -14.19% |
| Pretax margin | 6.64% | 3.83% | -0.31% | -27.29% | -16.15% |
| Net profit margin | 4.02% | 1.26% | -2.64% | -27.18% | -17.01% |
Oceaneering International, Inc.'s profitability ratios have shown a positive trend over the past five years, indicating improving profitability. The gross profit margin has consistently increased from 4.80% in 2019 to 16.45% in 2023, reflecting more efficient cost management and pricing strategies. The operating profit margin has also shown significant improvement, rising from -5.70% in 2019 to 7.48% in 2023, indicating better operational performance and increased efficiency in generating profits from core business activities.
The pretax margin has gradually improved from -16.15% in 2019 to 6.64% in 2023, signaling a stronger ability to generate profits before accounting for taxes. This suggests that the company has been successful in controlling costs and operating more efficiently. Additionally, the net profit margin has also displayed a positive trend, increasing from -17.01% in 2019 to 4.02% in 2023, indicating better overall profitability after considering all expenses.
Overall, Oceaneering International, Inc. has shown consistent improvement in its profitability ratios over the past five years, reflecting better cost management, operational efficiency, and overall financial performance. These trends are indicative of a healthier and more sustainable financial position for the company.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 8.10% | 5.46% | 2.03% | -21.80% | -10.61% |
| Return on assets (ROA) | 4.35% | 1.28% | -2.51% | -24.28% | -12.71% |
| Return on total capital | 16.41% | 9.08% | 3.30% | -32.86% | -15.58% |
| Return on equity (ROE) | 15.51% | 4.99% | -9.76% | -89.98% | -32.58% |
Oceaneering International, Inc.'s profitability ratios have shown mixed performance over the past five years. The operating return on assets (Operating ROA) has been improving steadily, with a significant increase from 2.03% in 2021 to 8.10% in 2023. This indicates that the company is generating more operating income relative to its total assets, reflecting improved operational efficiency.
The return on assets (ROA) also demonstrates an upward trend, albeit with some fluctuations, reaching 4.35% in 2023. This metric reflects the company's ability to generate profit from its assets, and the positive trajectory suggests better asset utilization and profitability over time.
The return on total capital has shown a consistent increase, from 3.35% in 2021 to 16.60% in 2023. This indicates that Oceaneering International, Inc. has been able to deliver higher returns on the total capital employed in the business, signifying improved capital efficiency.
On the other hand, the return on equity (ROE) has been volatile, with significant fluctuations over the years. Despite this, there has been a notable improvement in 2023, with ROE standing at 15.51%. This metric reflects the company's ability to generate profit for its shareholders from the equity invested in the business.
Overall, the profitability ratios of Oceaneering International, Inc. have shown a positive trend in recent years, indicating improving operational efficiency, asset utilization, and returns on capital and equity. It is important for the company to sustain this positive momentum and continue to enhance its profitability for long-term success.