Oceaneering International Inc (OII)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 147,468 | 135,898 | 124,473 | 108,478 | 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 |
| 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 |
| ROA | 6.31% | 5.77% | 5.40% | 4.87% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $147,468K ÷ $2,336,350K
= 6.31%
Oceaneering International Inc's return on assets (ROA) has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ROA started at a low point of -31.52% in March 2020, indicating that the company was generating a negative return on its assets. This negative trend continued through the following quarters, with ROA ranging from -31.57% to -23.04% until December 2020.
However, there was a notable improvement in the company's performance as the ROA gradually increased to -1.18% by the end of December 2021. The positive momentum continued in the following quarters, with the ROA remaining in the negative territory but steadily improving to reach 6.31% by December 31, 2024.
Overall, the improving trend in Oceaneering International Inc's ROA from negative values to positive values signifies that the company has been able to generate a better return on its assets over the analyzed period. This may indicate improved efficiency in asset utilization and could be a positive signal for the company's financial performance and profitability.
Peer comparison
Dec 31, 2024