Oceaneering International Inc (OII)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	246,270	215,840	202,436	191,271	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
Total assets	US$ in thousands	2,336,350	2,356,490	2,304,870	2,228,880	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
Operating ROA		10.54%	9.16%	8.78%	8.58%	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%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $246,270K ÷ $2,336,350K
= 10.54%

Operating return on assets (operating ROA) is a key financial ratio that measures how efficiently a company generates operating income from its assets. For Oceaneering International Inc, the operating ROA has shown a negative trend in the recent past, declining from -30.01% in March 2020 to a low of -34.39% in September 2020. This indicates that the company was not effectively utilizing its assets to generate operating income during this period.

However, there was a significant improvement in the operating ROA starting from March 2021, showing signs of recovery. The ratio turned positive in March 2021 at 2.57% and continued to improve steadily over the subsequent quarters, reaching 10.54% by December 2024. This positive trend suggests that Oceaneering International Inc has been able to enhance its operational efficiency and profitability relative to its asset base.

Overall, the increasing trend in operating ROA reflects a positive operating performance and suggests that the company has been successful in optimizing its asset utilization to generate higher operating income over the analyzed period. This improvement is a positive indicator of the company's operational effectiveness and financial health.