Oceaneering International Inc (OII)

Return on assets (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
Net income (ttm)	US$ in thousands	97,403	95,051	83,542	68,260	44,990	-9,759	-35,432	-32,911	-23,066	-10,014	-82,009	-113,038	-471,271	-725,921	-672,079	-682,473	-339,702	-182,676	-223,132	-221,026
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
ROA		4.35%	4.11%	3.86%	3.34%	2.21%	-0.51%	-1.89%	-1.73%	-1.18%	-0.51%	-3.98%	-5.64%	-23.04%	-35.62%	-31.57%	-31.52%	-12.39%	-6.33%	-7.59%	-7.44%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $97,403K ÷ $2,239,010K
= 4.35%

The return on assets (ROA) for Oceaneering International, Inc. has shown a positive trend over the past quarters. In Q4 2023, the ROA reached 4.35%, indicating an improvement compared to the previous quarters. This signifies that the company is generating more profit relative to its total assets in that period.

The consistent increase in ROA from the negative levels in Q3 2022 to the current positive levels reflects improved efficiency in asset utilization and profitability. The company has managed to enhance its ability to generate earnings from its assets.

Overall, the rising trend in ROA demonstrates better management of resources and profitability for Oceaneering International, Inc. It indicates that the company is becoming more effective in utilizing its assets to generate profits for its stakeholders.