Oceaneering International Inc (OII)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 147,468 | 97,403 | 25,941 | -49,307 | -496,751 |
| Total assets | US$ in thousands | 2,336,350 | 2,239,010 | 2,031,680 | 1,962,860 | 2,045,840 |
| ROA | 6.31% | 4.35% | 1.28% | -2.51% | -24.28% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $147,468K ÷ $2,336,350K
= 6.31%
Based on the provided data, Oceaneering International Inc's Return on Assets (ROA) has shown a positive trend over the past five years, increasing from -24.28% as of December 31, 2020, to 6.31% as of December 31, 2024. This improvement indicates that the company has become more efficient in generating profits relative to its assets. The significant turnaround from negative values to positive values suggests that management has been successful in utilizing the company's assets more effectively to generate income for shareholders. This upward trend in ROA is a positive signal for investors, indicating improved financial performance and potential profitability for Oceaneering International Inc.
Peer comparison
Dec 31, 2024