Oceaneering International Inc (OII)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 628,020 | 566,272 | 545,419 | 520,243 | 519,741 | 471,235 | 470,665 | 495,992 | 504,961 | 543,034 | 556,669 | 542,282 | 552,094 | 553,356 | 619,346 | 630,596 | 1,069,350 | 1,297,020 | 1,352,970 | 1,385,440 |
| ROE | 15.51% | 16.79% | 15.32% | 13.12% | 8.66% | -2.07% | -7.53% | -6.64% | -4.57% | -1.84% | -14.73% | -20.84% | -85.36% | -131.19% | -108.51% | -108.23% | -31.77% | -14.08% | -16.49% | -15.95% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $97,403K ÷ $628,020K
= 15.51%
Oceaneering International, Inc.'s Return on Equity (ROE) has shown a positive trend over the past eight quarters. ROE has been increasing steadily from 4.99% in Q4 2022 to 15.51% in Q4 2023, reflecting improved efficiency in generating profits from shareholders' equity. This indicates that the company is effectively utilizing its equity to generate profits for its shareholders. The consistent upward trend in ROE suggests that the company's profitability and financial performance have been improving. However, it is important to continue monitoring and analyzing this metric to ensure sustained growth and profitability in the future.
Peer comparison
Dec 31, 2023