Oceaneering International Inc (OII)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	181,328	176,055	165,001	138,652	110,863	56,114	25,008	24,977	39,799	52,851	-23,538	-51,539	-446,079	-700,729	-645,303	-649,756	-290,713	-133,687	-130,045	-140,047
Total assets	US$ in thousands	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	2,740,660	2,885,690	2,938,640	2,971,520
Operating ROA		8.10%	7.61%	7.62%	6.79%	5.46%	2.92%	1.34%	1.31%	2.03%	2.67%	-1.14%	-2.57%	-21.80%	-34.39%	-30.31%	-30.01%	-10.61%	-4.63%	-4.43%	-4.71%

December 31, 2023 calculation

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

The operating return on assets (operating ROA) for Oceaneering International, Inc. has shown a steady improvement over the quarters, indicating the company's ability to generate operating profits relative to its total assets.

The operating ROA increased from 5.46% in Q4 2022 to 8.10% in Q4 2023, reflecting a positive trend in the company's operational efficiency and asset utilization.

Furthermore, the operating ROA has consistently been on an upward trajectory throughout the quarters of 2023, with values of 7.61%, 7.62%, and 6.79% in Q3, Q2, and Q1 2023, respectively. This pattern suggests an improvement in the company's profitability and productivity in utilizing its assets effectively to generate operating income.

Compared to the previous year, there has been a significant enhancement in Oceaneering International's operating ROA, with Q4 2023 showing a notable increase from 2.92% in Q4 2022. This indicates a positive development in the company's operational performance and financial health over the quarters analyzed.

Overall, the consistent and impressive growth in Oceaneering International, Inc.'s operating return on assets signifies enhanced operational efficiency and profitability, highlighting the company's ability to generate earnings from its asset base.