Oceaneering International Inc (OII)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	97,403	25,941	-49,307	-496,751	-348,444
Total stockholders’ equity	US$ in thousands	628,020	519,741	504,961	552,094	1,069,350
ROE		15.51%	4.99%	-9.76%	-89.98%	-32.58%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $97,403K ÷ $628,020K
= 15.51%

Oceaneering International, Inc.'s return on equity (ROE) experienced significant fluctuations over the past five years, as reflected in the data provided.

In 2023, the company achieved an ROE of 15.51%, indicating an improvement compared to the previous year. This positive trend suggests that Oceaneering International effectively utilized its shareholders' equity to generate profits.

The ROE of 4.99% in 2022 also shows an improvement from the negative ROE recorded in 2021 and 2020. The company's ability to enhance its ROE in this period may indicate better operational efficiency and profitability.

The negative ROE in 2021 and 2020 (-9.76% and -89.98%, respectively) signifies that Oceaneering International faced challenges in generating net income relative to its equity base during those years. Factors such as poor financial performance and high equity levels might have contributed to these unfavorable outcomes.

Moreover, the steep decline in ROE in 2020 (-89.98%) compared to 2019 (-32.58%) highlights a significant drop in profitability and shareholder value during that period, which could have been driven by various external and internal challenges faced by the company.

Overall, the fluctuating ROE of Oceaneering International, Inc. over the past five years indicates the company's varying ability to generate profits from shareholder equity, reflecting changes in its financial performance and investment strategies during this period.