Oceaneering International Inc (OII)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	181,328	110,863	39,799	-446,079	-290,713
Total assets	US$ in thousands	2,239,010	2,031,680	1,962,860	2,045,840	2,740,660
Operating ROA		8.10%	5.46%	2.03%	-21.80%	-10.61%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $181,328K ÷ $2,239,010K
= 8.10%

Oceaneering International, Inc.'s operating return on assets (operating ROA) has shown an improving trend over the past five years. The operating ROA increased from -4.26% in 2019 to 8.10% in 2023, indicating that the company has been able to generate more operating income for each dollar of assets employed in its operations.

The significant improvement in operating ROA from negative values in 2019 and 2020 to positive values in 2021 and onwards suggests enhanced operational efficiency and profitability. This could be attributed to various factors such as cost optimization, revenue growth, or improved asset utilization.

The consistent upward trend in operating ROA indicates that Oceaneering International, Inc. has been successful in increasing its operating performance and efficiency over the years, which is a positive sign for the company's financial health and sustainability.

Overall, the analysis of the operating ROA for Oceaneering International, Inc. demonstrates a positive trajectory, reflecting the company's ability to derive more value from its assets through effective operational management and strategic decision-making.